FY2018 results show revenues of £133.4m (-1.8%) and adj. PBT of £7.7m (+97%). Shipbroking has performed in line, despite weakness in the tanker market. The Financial division (including Braemar NAVES) has performed ahead of expectations. Technical has returned to profitability. The dividend has increased to 15p. Braemar continues to invest, for a better balance and a wider range of complementary skills. Given this investment, we have reduced FY2019E PBT by 9% to £9.5m, EPS o
15 May 2018
FY2018 results in line with expectations
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FY2018 results in line with expectations
Braemar PLC (BMS:LON) | 260 -41.6 (-5.9%) | Mkt Cap: 85.6m
- Published:
15 May 2018 -
Author:
Peter Ashworth -
Pages:
2
FY2018 results show revenues of £133.4m (-1.8%) and adj. PBT of £7.7m (+97%). Shipbroking has performed in line, despite weakness in the tanker market. The Financial division (including Braemar NAVES) has performed ahead of expectations. Technical has returned to profitability. The dividend has increased to 15p. Braemar continues to invest, for a better balance and a wider range of complementary skills. Given this investment, we have reduced FY2019E PBT by 9% to £9.5m, EPS o