London shipbroker Galbraiths pushed up operating earnings for 2021 as it reduced salary costs, a filing has revealed.
The latest annual report at Companies House showed net profit for the year dropped to £2.99m ($3.7m), from £4.48m in 2020.
But the company, which has since tied up a merger with Swiss broker Ifchor, was boosted by a gain of £4.4m
