Ocean Wilsons Holdings Ltd on Thursday said revenue grew for its subsidiary, Wilsons Sons, in the first quarter of the year.

The investor and operator of Wilson Sons SA, a maritime services company in Brazil, said Wilson Sons’s first-quarter revenue rose by 8.3% to $109.8 million from $101.4 million a year prior. Earnings before interest, tax, depreciation and amortisation were $46.1 million, up slightly from $45.9 million in 2022.

Implied net asset value per share at March 31 was £17.81, down 5.2% from £18.78 in December. The implied NAV per share is based on the market value of operating subsidiaries Ocean Wilsons (Investments) Ltd, which manages Wilson Son’s portfolio.

Shares in Ocean Wilsons were up 1.5% at 916.00 pence each in London on Thursday midday.

Copyright 2023 Alliance News Ltd. All Rights Reserved.