T.F. & J.H. Braime P.L.C. Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2018; Provides Earnings Guidance for the Full Year 2018
September 21, 2018 at 07:00 am
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T.F. & J.H. Braime (Holdings) P.L.C. announced unaudited consolidated earnings results for the six months ended June 30, 2018. For the six months, the company reported revenue of £18,069,000 against £15,540,000 for the same period a year ago. Profit from operations was £1,181,000 against £658,000 for the same period a year ago. Profit before tax was £1,162,000 against £592,000 for the same period a year ago. Profit attributable to owners of the parent was £830,000 against £448,000 for the same period a year ago. Basic and diluted earnings per share were 57.08 pence against 28.72 pence for the same period a year ago. Cash generated from operations was £988,000 against cash used in operations of £190,000 for the same period a year ago. Purchases of property, plant, machinery and motor vehicles were £990,000 against £127,000 for the same period a year ago. EBITDA was £1,486,000 against £1,027,000 for the same period a year ago.
The company provided earnings guidance for the full year 2018. The group is ahead of both last year and budget and it would expect the result for the full year to be ahead of 2017. However, group, with so much of its earnings coming from overseas, is always exposed to the unpredictable fluctuations in global exchange rates and to changes in the political and economic conditions in individual markets. Depending on the form Brexit finally takes, as a major exporter, the actual event is likely to cause some degree of short-term disruption. However, given that the majority of sales presence, and continuing growth is already outside the EU, the company believes the long-term effects are unlikely to be significant for the group.
Braime Group PLC is a United Kingdom-based company, which manufactures deep drawn metal presswork and distributes material handling components and monitoring equipment. The Company's manufacturing activity is delivered through Braime Pressings Limited and the distribution activity is through the 4B division. Its main area of business is the supply of goods and services for handling and processing industrial, and in particular, agricultural commodities. It specializes in metal presswork, including deep drawing, multi-stage progression and transfer presswork. The Company manufactures precision stamped components for the automotive and industrial sectors, with automation capabilities such as pick and place, roll threading, washing and robotic welding. Its 4B division is engaged in developing material handling components for the agricultural and industrial sectors. It works in partnership with its customers on new designs and on the upgrade of existing elevators and conveyor machines.
T.F. & J.H. Braime P.L.C. Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2018; Provides Earnings Guidance for the Full Year 2018