BRAEMAR Announces Results for Year February 2011

Press Release
Monday, May 09, 2011

Braemar Shipping Services plc (“Braemar”, “the Company” or “the Group”), a leading international provider of broking, consultancy, technical and other services to the shipping and energy industries, today announces full yearresults for the year ended 28 February 2011.

FINANCIAL HIGHLIGHTS
•    Revenue £126.1m (2010: £119.0m)
•    Pre-tax profit before amortisation £14.8m (2010: £15.0m)
•    EPS before amortisation 53.84p (2010: 53.22p)
•    Cash at 28 February 2011: £25.6m (28 Feb 2010: £27.9m)
•    Final dividend 17.0p per share (up 5%), full year26.0p (2010: 25.0p) up 4%
•    8thsuccessive year that the Company has increased its dividend

OPERATIONAL HIGHLIGHTS
•    Purchase of the business and certain assets of BMT Marine and Offshore Surveys Limited
•    Shipbroking profits 7% ahead
•    Successful consolidation and relocation of our businesses in Singapore
•    Integration and re-branding of our technical services businesses with an improved outlook for the year ahead
•    Estimated forward order book deliverable in 2011/12 - £23m [US$36m] (2010/11 - £28m [US$42m])

 
Commenting on the results and outlook, Sir Graham Hearne, chairman of Braemar Shipping Services plc, said:
“Our markets in shipping and oil and gas services have had a turbulent year and against this backdrop the performance of the Group has been robust.

Braemar, across all divisions, is a first-class company and among the leaders in its various markets; it is this that underlies my confidence that Braemar will continue to play a leading role in the markets in which it operates.”

Source: BRAEMAR

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

AAPA Applauds Senate Passage of Trade Promotion Legislation

The American Association of Port Authorities (AAPA) applauded Senate passage over the past weekend of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (TPA-2015),

Port of Duluth Intermodal Project Underway

The U.S. Department of Transportation’s Maritime Administrator, Chip Jaenichen, today joined Senators Amy Klobuchar and Al Franken, Congressman Rick Nolan, Duluth Mayor Don Ness,

Chile Exporters Fret as Customs Strike Continues

A customs strike in Chile that began last week has started to affect exports and imports, although miners in the top copper producer said this week they have not yet been significantly impacted.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1660 sec (6 req/sec)