Company Profile For James Fisher & Sons PLC

James Fisher and Sons Public Limited Company operates in four business segments: offshore oil services, which is engaged in the design, construction, rental and sale of specialist equipment, and the provision of related specialist labour, to the offshore sector; specialist technical services, which involves the hiring and sale of pneumatic fenders, the design and supply of systems for monitoring strains and stress in structures and equipment, ship to ship services, non-destructive testing, and the provision of services to the nuclear decommissioning industry; defense segment, which is focused on the design, construction and operation of submarine rescue vehicles and the operation of surface ships, and marine oil services segment, which is engaged in the sea transportation of petroleum products. In May 2009, the Company announced the strategic merger of Remote Marine Systems Ltd. and Pumptools Ltd. in their Offshore Oil division. In August 2009, it acquired MB Faber Ltd.

BRIEF: For the fiscal year ended 31 December 2008, James Fisher & Sons plc's revenues increased 28% to £233.6M. Net income from continuing operations increased 14% to £18.3M. Revenues reflects an increase in income from the Offshore Oil Services & Specialist Technical Services divisions. Net income was partially offset by an increase in cost of sales, higher exchange loss on loan, increase in Administrative expenses and an increase in finance costs.