Sparks commentary - Ocean Wilsons Holdings

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Sparks - Ocean Wilsons Holdings

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Ocean Wilsons (LON: OCN) – Full-year results and update on sale of Wilson Sons
Published by Andy Murphy

Ocean Wilsons’ FY24 PBT increased 15% to $119.1m, despite a 34.5% reduction in the net return of its investment portfolio, driven by a good result from trading at Wilsons Sons. Net debt reduced from $479.1m to $366.1m and the dividend per share for the year increased 43.5% to 122c per share. The company gave an update on the disposal of its holding in Wilson Sons, commenting that the completion was expected in Q2 or Q325, and gave details of a tender offer for around 7m shares.

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