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Braime Group PLC - metal presswork manufacturer - In the first half of 2022, revenue rises 17% year-on-year to £21.3 million from £18.2 million, as pretax profit surges 81% to £1.6 million from £885,000. This includes £186,000 profit from the disposal of a property in Lamotte Warfusee as part of the 4B warehouse relocation in France. The period benefited from the pound weakening against the dollar, with a ‘significant’ proportion of its income earned in the US, the firm says. Interim dividend increases to 4.75 pence from 4.25p. Warns of headwinds to come from a likely fall in consumer demand, potential currency fluctuations, and the higher energy and freight costs that will hit cashflow. ‘The unknown is not a question of if these negative factors will affect us, but of when, and the degree,’ the firm says.
Current stock price: 1,900.00 pence
12-month change: down 16%
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