Clarkson has seen its share price increase by over 7%, despite recording a 23% year-on-year drop its in profit before tax to £39.4m in the six months to 30 June.

The FTSE 250-listed shipping services provider’s latest half-year results come after the firm issued a profit warning in May, which estimated its full-year profit before tax to reach between £85m and £95m.

Clarkson’s revenue totalled £297.6m in this period, which is a 4% year-on-year decrease, while its basic earnings per share fell by 23% to 98.6 pence.

Chief executive officer at Clarkson, Andi Case, said: "Clarksons has delivered another good performance in the first half of the year, demonstrating the resilience and adaptability of our business in what remains a highly complex global environment. While we have continued to navigate a backdrop of shifting economic conditions and evolving trade dynamics, our diversified model and disciplined approach have enabled us to maintain momentum."

In its outlook, the firm said that it remains "well positioned as a global leader with regional expertise across the maritime ecosystem".

It added that the fundamental supply and demand drivers of the industry remain, as it looks to continue to invest in both people and technology.

Clarkson stated that it expects its full-year results to be second-half weighted and in line with its AGM trading statement.

Investment director at AJ Bell, Russ Mould, said that investors "will be relieved by its resilient first-half numbers and unchanged full-year guidance".

He concluded: "Having issued a major profit warning in May after warning about growing risks alongside its full-year results in March, the market is clearly pleased that the outlook has not got worse than it already was.

"Although, a hint of further turbulence is provided by the suggestion results will be weighted towards the second half. This is often, although not always, a recipe for disappointment as the hoped-for improvement in performance doesn’t come through and the company is forced to downgrade expectations."

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