Restructuring efforts are expected to push Braemar Shipping Services’ technical division back to profit in the next full financial year, the group’s chief executive says.
Braemar this morning released a profit warning noting the difficult offshore market environment proved a drag on the technical division’s performance in the fiscal year to the end of February 2017.
James Kidwell, chief executive of Braemar Shipping Services, told TradeWinds the conditions facing the technical arm had become “appreciably tougher” during the past few months.
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