Braemar Shipping Services Plc said on Tuesday pretax profit for the year to Feb. 28 rose 10 percent due to steady transaction volumes and the strength of the U.S. dollar and sees positive overall prospects for the current year.
The provider of ship broking, consultancy, technical, logistics and other services to the shipping and energy industries posted a pretax profit of 16.2 million pounds ($24.3 million) for 2008/09, up from 14.7 million pounds a year earlier.
The company said its pretax profit before amortisation rose 14 percent to 17.3 million pounds and its cash pile stood at 25.2 million pounds, up from 21.6 million pounds a year earlier.
Two analysts on average expected pretax profit of 15.85 million pounds for 2008/09, according to Reuters Estimates.
The London-based company said it declared a final dividend of 15.5 pence a share. Braemar Shipping shares closed at 295 pence on Monday on the London Stock Exchange.
The provider of ship broking, consultancy, technical, logistics and other services to the shipping and energy industries posted a pretax profit of 16.2 million pounds ($24.3 million) for 2008/09, up from 14.7 million pounds a year earlier.
The company said its pretax profit before amortisation rose 14 percent to 17.3 million pounds and its cash pile stood at 25.2 million pounds, up from 21.6 million pounds a year earlier.
Two analysts on average expected pretax profit of 15.85 million pounds for 2008/09, according to Reuters Estimates.
The London-based company said it declared a final dividend of 15.5 pence a share. Braemar Shipping shares closed at 295 pence on Monday on the London Stock Exchange.