FY2017 results are marginally ahead of revised expectations. Shipbroking has delivered a resilient performance in difficult market conditions. Technical was impacted by the fall in oil & gas activity. The group reported revenues of £139.8m (-12%) and normalised PBT of £3.2m (£13.4m). A final dividend of 5p is recommended in line with expectations, making 14p. We have maintained our FY2018 PBT forecast of £7.9m, EPS of 21.7p and a dividend of 15p. We have reduced FY
10 May 2017
Resilient Shipbroking performance underpins results
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Resilient Shipbroking performance underpins results
Braemar PLC (BMS:LON) | 268 0 0.0% | Mkt Cap: 88.1m
- Published:
10 May 2017 -
Author:
Peter Ashworth -
Pages:
12
FY2017 results are marginally ahead of revised expectations. Shipbroking has delivered a resilient performance in difficult market conditions. Technical was impacted by the fall in oil & gas activity. The group reported revenues of £139.8m (-12%) and normalised PBT of £3.2m (£13.4m). A final dividend of 5p is recommended in line with expectations, making 14p. We have maintained our FY2018 PBT forecast of £7.9m, EPS of 21.7p and a dividend of 15p. We have reduced FY