ACM Shipping Group plc (ACMG)

ACM Shipping Group plc (ACMG)

ACM Shipping Group plc (ACMG) - Preliminary Results

ACM Shipping Group Plc, an international tanker broker, today announces its Preliminary Results for the year ended 31 March 2008. Highlights include: Total revenue up 54% on 2007 to US$39.3m (2007: US$25.6m) Like for like revenue up 22% on 2007. Profit before amortisation and taxation up 49% to £5.5m (2007: £3.7 million). Final dividend of 4 pence per share. Acquisition of ACM Shipping Services in December 2007 for £9.6m.

Commenting on the results, Johnny Plumbe, Chief Executive of ACM Shipping Group plc, said:
"ACM has now been listed on AIM for 18 months and we are very pleased with our progress. As well as having made two important strategic acquisitions we have increased our revenue from organic growth. Our global presence is growing and we are confident that this base will give us a successful future."

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