Braemar Plc announce an interim dividend for the current year of 4p per ordinary share has been declared and will be paid on 4 January 2023 to shareholders on the register on 25 November 2022.
Other financial highlights include:
Continued execution of our Shipbroking-focused growth strategy.
Operational gearing contributes to 95% increase in underlying operating profit on 46% revenue growth.
Financial results materially ahead of expectations at the start of the year.
46% increase in reported revenue to £69.4m (H1 FY21/22: £47.4m), with an estimated 36% growth when measured in constant currency.
95% increase in underlying operating profit to £10.9m (H1 FY21/22: £5.6m), including an estimated benefit of £3m from favourable foreign exchange rates.
Operational cash flow up 220% to £12.3m (H1 FY21/22: £3.8m).
Balance sheet strengthened - net cash at bank position of £1.8m at 31 August 2022 compared to net bank debt* of £9.3m at 28 February 2022.
