An ongoing slump in offshore and a deeper restructuring of its technical division will prove a drag on Braemar Shipping Services full year results.
In a trading update to the city this morning, Braemar lowered its full-year profit forecast, stressing its technical division continued to underperform.
The James Kidwell-led company is now projecting an underlying profit of between £3m ($3.73m) and £3.5m
