Posted On July 01, 2022.

Braemar Shipping Services Plc (LSE: BMS), a leading international Shipbroker and provider of expert advice in shipping investment, chartering and risk management services, confirms that trading in the new financial year continues to be very strong and ahead of management expectations, as the Group benefits from both its increased scale and the current favorable market conditions.

The board’s strategy, introduced by the new management team, has been to streamline the business to focus on its Shipbroking core. This refocus has resulted in a number of corporate transactions and as previously announced on 20 May2022, the complexities of these transactions has led to the completion of the year end audit taking longer than anticipated.

As a result, Braemar is deferring the announcement of its results for the year ended 28 February 2022 in order to allow further time for the Group’s auditors to complete their work. The board will update the market with a revised announcement date, once this process is complete.

Source: Braemar Shipping Services

Original Post:Braemar Shipping Confirms Strong Trading Conditions