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Braemar's shares fell 10% due to lower revenue and profit amid global shipping challenges.
Shipping consultancy Braemar saw its shares drop 10% after reporting lower revenue and profit for the fiscal year ending February 2022.
Revenue fell to £141 million from £152.8 million, and operating profit dropped to £16.5 million from £18.1 million, due to increased pressure on global shipping charter rates.
Despite the decline, Braemar's cash flow remains strong, and the company expects to return to a positive net cash position.
Canaccord Genuity Group reduced Braemar's stock price target but maintained a "buy" rating.
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Las acciones de Braemar cayeron un 10% debido a los menores ingresos y ganancias en medio de los desafíos globales del transporte marítimo.