These results vindicate the group’s diversification in challenging markets with Shipbroking performing well and Technical in line with expectations. Revenues rose by 9% to £159.1m and adj. PBT by 20% to £13.4m, marginally below our £13.6m, (consensus £13.5m). The maintained final dividend of 17p makes a total payout of 26p. Given expectations of broadly similar levels of activity this year, we have reduced our FY2017E adj. PBT by 5% to £13.7m. On a FY2017 P
16 May 2016
Resilient performance in challenging markets
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Resilient performance in challenging markets
Braemar PLC (BMS:LON) | 272 5.5 0.7% | Mkt Cap: 89.7m
- Published:
16 May 2016 -
Author:
Peter Ashworth -
Pages:
14
These results vindicate the group’s diversification in challenging markets with Shipbroking performing well and Technical in line with expectations. Revenues rose by 9% to £159.1m and adj. PBT by 20% to £13.4m, marginally below our £13.6m, (consensus £13.5m). The maintained final dividend of 17p makes a total payout of 26p. Given expectations of broadly similar levels of activity this year, we have reduced our FY2017E adj. PBT by 5% to £13.7m. On a FY2017 P