Braime Group PLC Holds Steady Amidst Global Challenges

Braime Group PLC (GB:BMTO) has released an update.

Braime Group PLC reports a marginal increase in sales revenue to £24.8m for the first half of 2024, though profits dipped compared to the previous year, with £1.8m in operational and £1.5m in pre-tax profits. The company maintains its interim dividend at 5.25p per share amidst challenging geopolitical conditions, yet expresses cautious optimism for the year’s performance. Despite global economic uncertainties, Braime Group saw an improvement in revenue and profits from the latter half of 2023, along with strategic investment in capital and facilities expansion, particularly in the USA.

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