Business
Interim Results - Updated
Interim Results - Updated.
About this update from Braemar Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0325F\n Braemar Shipping Services PLC\n 11 November 2020\n \n \n \n \n Updated to include Auditor's Opinion \n \n \n \n \n \n 11 November 2020\n \n \n BRAEMAR SHIPPING SERVICES PLC\n \n \n (\"Braemar\", the \"Company\" or the \"Group\")\n \n \n \n \n \n \n Unaudited interim results for the six months ended 31 August 2020\n \n \n \n \n Shipbroking drives stronger performance\n \n \n \n Braemar Shipping Services plc (LSE: BMS), a leading international provider of shipbroking, financial advisory, and logistics services principally to the shipping and energy industries, today announces its unaudited half-year results for the six months ended 31 August 2020.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Underlying results*\n \n \n \n \n Reported results**\n \n \n \n \n \n \n \n \n \n H1 2020/21\n \n \n \n \n H1 2019/20\n \n \n \n \n Change\n \n \n \n \n H1 2020/21\n \n \n \n \n H1 2019/20\n \n \n \n \n \n \n \n \n \n £m\n \n \n \n \n £m\n \n \n \n \n %\n \n \n \n \n £m\n \n \n \n \n £m\n \n \n \n \n \n \n Revenue\n \n \n \n \n 56.3\n \n \n \n \n 57.6\n \n \n \n \n (2%)\n \n \n \n \n 56.3\n \n \n \n \n 57.6\n \n \n \n \n \n \n Operating profit/(loss)\n \n \n \n \n 5.6\n \n \n \n \n 4.2\n \n \n \n \n 33%\n \n \n \n \n 3.6\n \n \n \n \n (0.6)\n \n \n \n \n \n \n Profit/(loss) before tax\n \n \n \n \n 5.7\n \n \n \n \n 3.5\n \n \n \n \n 63%\n \n \n \n \n 3.7\n \n \n \n \n (0.8)\n \n \n \n \n \n \n Earnings/(loss) per share\n \n \n \n \n 16.3p\n \n \n \n \n 11.2p\n \n \n \n \n 47%\n \n \n \n \n 3.5p\n \n \n \n \n (6.8)p\n \n \n \n \n \n \n Dividend per share\n \n \n \n \n -\n \n \n \n \n 5.0p\n \n \n \n \n (100%)\n \n \n \n \n -\n \n \n \n \n 5.0p\n \n \n \n \n \n \n \n \n \n * Underlying profit measures above are before non-recurring specific items, including acquisition-related charges and loss from discontinued operations.\n \n \n ** Reported results are from continuing operations only, comparatives have been re-presented in relation to discontinued operations.\n \n \n \n \n \n OPERATIONAL KEY POINTS\n \n \n · Strong first half trading performance ahead of expectations - growth in underlying operating profit of 33%\n \n · Another strong performance by Shipbroking especially from Tankers\n \n · Steady trading in Logistics ...