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

Braemar PLC - London-based provider of investment, chartering and risk management advice to ...

Alliance News 25 October, 2024 | 9:56AM
Email Form Facebook Twitter LinkedIn RSS

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 newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Braemar PLC 255.00 GBX -3.77 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures