Braemar performed strongly in FY23, with revenue up over 50% and underlying operating profit up 100%, with all business segments performing well and helped by the strong dollar. The focus on shipbroking, disposing of non-core activities and adding to shipbroking operations, is proving successful and Braemar is becoming a stronger and more resilient business with increasingly diversified revenue across shipping segments. The target of achieving double the £8.9m underlying EBIT from FY21 by FY25E ....
16 Nov 2023
Braemar - FY23 results – focussed strategy steering the right course
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Braemar - FY23 results – focussed strategy steering the right course
Braemar PLC (BMS:LON) | 254 -2.5 (-0.4%) | Mkt Cap: 83.5m
- Published:
16 Nov 2023 -
Author:
Ian McInally -
Pages:
12
Braemar performed strongly in FY23, with revenue up over 50% and underlying operating profit up 100%, with all business segments performing well and helped by the strong dollar. The focus on shipbroking, disposing of non-core activities and adding to shipbroking operations, is proving successful and Braemar is becoming a stronger and more resilient business with increasingly diversified revenue across shipping segments. The target of achieving double the £8.9m underlying EBIT from FY21 by FY25E ....