Braemar Shipping services maintains its 2015 full year dividend

DividendMax Ltd.

Braemar Shipping services maintains its 2015 full year dividend

FINANCIAL HIGHLIGHTS

Revenue from underlying operations up over 9% to £159.1 million (2014/15: £145.6 million1)

20% increase in underlying operating profit2 to £13.8 million (2014/15: £11.5 million1)

Increase of 7.5% in underlying basic EPS2 to 34.70p (2014/15: 32.28p)

Strong free cash flow of £13.5m (2014/15: £7.3m)

Net cash of £9.2m at 29 February 2016 (At 28 February 2015: £7.2m)

Proposed full year dividend maintained at 26p per share; dividend cover increased to 1.3x (2014/15: 1.2x)

Companies mentioned