Braemar Shipping Services plc (LSE: BMS), a leading international provider of broking, consultancy, technical and other services to the shipping, marine, energy, offshore and insurance industries, today announces unaudited half-year results for the six months ended 31 August 2015.
Outlook for the full year continues to be in line with the Board's expectations
Revenue from underlying operations in the first half up to £79.6 million (interim 2014/15: £64.5 million1)
Increase in underlying pre-tax profit to £7.0 million before non-recurring and acquisition-related costs of £1.8 million (interim 2014/15: £3.6 million pre-tax profit before £3.3 million non-recurring and acquisition related costs1)
Increase in underlying basic EPS2 to 18.6p (interim 2014/15: 11.7p)
Interim dividend remains unchanged at 9p per share
Shipbroking division has performed well and is significantly ahead of the same period last year, led by the continued strength of the tanker markets
Total Shipbroking forward order book remains consistent at approximately US$56 million
Technical division performed well, achieving a 34% increase in underlying profit growth.
Logistics' division performance unchanged and well set for future growth.