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 August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Sri Lanka Port Project: China Merchants, CHEC Invest $601-M

Two of China's largest port operators and engineering firms have agreed to invest in a $601 million terminal in Sri Lanka's Hambantota port, part of a series of

Viking Supply Ships Sell PSV 'SBS Cirrus'

Rederi AB TransAtlantic subsidiary Viking Supply Ships says it has sold the 1985 built platform supply vessel SBS Cirrus. The vessel has been delivered to its new owners,

UK Chamber Stance Neutral on Scottish Independence

The UK Chamber of Shipping is taking a neutral position in the Scottish independence debate and has given both the Yes and Better Together sides space on its website

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Port Authority Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2191 sec (5 req/sec)