20th May 2022 11:57
Braemar Shipping Services PLC - London-based shipbroker - Expects to report higher annual underlying operating profit and dividend. Estimates an underlying operating profit of GBP9.8 million for its financial year that ended February 28, up from GBP7.7 million the year before. Aims to pay total annual 7 pence dividend, up 40% from 5p a year ago. Expects underlying operating profit of GBP12 million for the current financial year ending February 28, 2023, higher than the GBP10 million market consensus. Published outlook comes after Braemar on Thursday announced a seven-year contract worth GBP9.9 million with the UK Ministry of Defence.
Braemar aims to release financial year 2022 results in the latter half of June.
Current stock price: 270.00 pence, up 1.9% on Friday
12-month change: up 21%
By Tom Budszus; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
Braemar Shipping