James Fisher operating profit increase more than 6% in the first half of 2021, compared with the same period last year, helped by a strengthening order book in decommissioning and offshore wind.
Operating profit was £12.2m in the first six months of the year, up from £11.5m in 2020.
However, revenue fell 9.5% to £233.7m from £258.1m.
The company said good progress was made in the global renewables sector, with the group winning a number of offshore wind projects in France and the UK, including Saint-Brieuc and Fecamp off the French coast and the Sofia wind farm in England.
It has also seen increased usage of its ‘bubble curtains’ product offering, which uses compressed air to create a wall of bubbles around noisy subsea works, protecting local wildlife and reducing the environmental impact of such activity.
James Fisher chief executive Eoghan O’Lionaird said: “Our first half result was in line with the Board’s expectations, with Q2 showing a marked improvement over Q1.
“The group is expecting performance to improve during the second half of the year as our end markets recover from the disruption caused by the effects of the global pandemic.”