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Dutch Boskalis sails past first half profit forecast

Posted on August 24, 2015

By Toby Sterling, Reuters

Dutch marine engineering company Boskalis reported a 21 percent rise in first-half earnings, comfortably beating market expectations thanks to an exceptionally strong performance by its dredging business and an investment windfall.

However the company warned on Thursday that earnings for the fall year would fall short of the record profit it booked in 2014. It had provided no full-year guidance when reporting 2014 earnings in March..

Investors focused on the positive news, with shares rising more than 10 percent and enjoying their best day since November 2010.


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