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Investegate |Braime Group PLC Announcements | Braime Group PLC: Loan Agreement
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IN BRIEF: Braime receives loan to fund property redevelopment
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Investegate |Braime Group PLC Announcements | Braime Group PLC: Update on AGM Arrangements
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IN BRIEF: Braime ups dividend despite Covid-19 hit to earnings
Tue, 27th Apr 2021 17:23
Braime Group PLC - Leeds-based manufacture of metal presswork and material handling components - Revenue for 2020 down 2% at GBP32.8 million from GBP33.4 million in 2019, while pretax profit drops to GBP1.2 million from GBP1.8 million. The disproportionate reduction in the profit before tax was due in part to the strengthening in the value of sterling against the currencies in our principal markets but also due to the much higher costs of maintaining production and sales during the Covid pandemic, company explains. Braime lifts total dividend per share to 11.8 pence from 11.6p year before.