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IN BRIEF: Braemar says interim results to be flat but payout to rise

25th Oct 2024 10:56

Braemar PLC - London-based provider of investment, chartering and risk management advice to shipping and energy markets - Will release results for the half-year that ended August 31 on November 6. Guidance remains unchanged. Braemar estimates underlying operating profit was slightly ahead of the GBP7.6 million recorded a year before, and revenue was no less than GBP75 million, flat on GBP74.9 million. Braemar also is "confident" in the outlook for the second half of the year and expects to declare an interim dividend of 4.5 pence, which would be up 13% from 4.0p a year before.

Current stock price: 267.79p, up 1.1% in London on Friday

12-month change: down 4.4%

By Tom Waite, Alliance News editor

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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