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flag Braemar's shares fell 10% due to lower revenue and profit amid global shipping challenges.

flag Shipping consultancy Braemar saw its shares drop 10% after reporting lower revenue and profit for the fiscal year ending February 2022. flag 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. flag Despite the decline, Braemar's cash flow remains strong, and the company expects to return to a positive net cash position. flag Canaccord Genuity Group reduced Braemar's stock price target but maintained a "buy" rating.

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