Brief: Braime Group H1 Revenue Fell 5.5% To 17.1 Mln Stg

Braime

19/09/2019 14:49

Sept 19 (Reuters) - Braime Group PLC  BMT.L :
    * H1 PRETAX PROFIT 1.1 MILLION STG VERSUS 1.2 MILLION STG
YEAR AGO
    * H1 REVENUE FELL 5.5 PERCENT TO 17.1 MILLION STG
    * DIRECTORS HAVE DECIDED TO INCREASE INTERIM DIVIDEND TO
3.60P PER
SHARE
    * BRAIME - USA OPERATION, WHICH IS A VERY SIGNIFICANT
CONTRIBUTOR
TO GROUP PROFITABILITY, HAS SEEN A SIGNIFICANT SOFTENING IN
AGRICULTURAL MARKET
    * INDICATIONS ARE THAT SECOND HALF OF YEAR WILL REMAIN VERY
CHALLENGING
    * BRAIME GROUP - AS MAJORITY OF SALES PRESENCE, PROJECTED
GROWTH
OUTSIDE EU, LONG-TERM EFFECTS OF BREXIT UNLIKELY TO BE
SIGNIFICANT FOR GROUP
    * AGRICULTURAL MARKETS CUSTOMERS AND USERS HURT BY
DETERIORATION
IN US-SINO TRADE RELATIONS
    * H2 TO REMAIN VERY CHALLENGING DUE TO  UNCERTAINTIES AROUND
ONGOING U.S.-CHINA TRADE CONFLICT

Source text for Eikon:  ID:nRSS9889Ma 
Further company coverage:  BMT.L 

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