17th Aug 2022 16:06
Braemar Shipping Services PLC - London-based shipbroker - Says it will release the delayed results for the year ended February 28 on August 30, which it characterises as "strong". The delay was caused by auditors and board reviewing certain foreign exchange and other balance sheet reserve accounts for accuracy. In reviewing the last three years, says "predominantly historic adjustments" have been identified, but these will not affect the underlying profitability or cashflow previously reported. The adjustments will actually increase net assets on the balance sheets, it adds. Also says trading in its current financial year is "exceptionally strong". Read More
