Half Year Results 

Braemar not yet ship-shape

Braemar not yet ship-shape

Look at its structure, and it’s clear Braemar Shipping Services (BMS) is designed to sail on an even keel. But in the six months to August, strong trading in the core (and lower-margin) shipbroking division was again driven by the higher-margin and lumpy financial business. Revenue was flat for the barely profitable logistics arm, while the engineering practice posted a £0.5m underlying loss on revenues of £1.9m

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