Braemar bullish after posting record annual results

Liz McCarthy - Tuesday 12 May 2009

BRAEMAR Shipping Services has reported record annual results, with pre-tax profit increasing 10% to £16.2m ($24.7m).

Revenue in the 12 months to the end of February was up 26% to £127.1m.

Shipbroking services accounted for just under a half its income.

Braemar has seen activity levels pick up since January, notably in the sa...

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