logo
Share SHARE
FONT-SIZE Plus   Neg

Falkland Islands Sees FY Underlying Group Pre-tax Profit Of About £3 Mln

Falkland Islands Holdings Plc or "FIH" (FKL.L), in its pre-close trading update, reported that the Group's full-year trading performance was in line with market view, and expects underlying Group pre-tax profits before amortisation and non trading items of about 3 million pounds for the year ended March 31, 2013.

Further, the board anticipates that the total dividend payment would not be less than 11 pence per share.

FIH's Chairman, David Hudd, commented: "2012/13 was a particularly significant year for the Group, as we raised an additional £10 million of equity funds which will enable us to participate in the opportunities now emerging in the Falkland Islands. We expect that there will be a quantum leap in the economy over the next decade and momentum is expected to build in 2014 as the development of Sea Lion commences. However in the short term conditions are expected to be quieter in the absence of drilling activity which has been a factor since 2010."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The holiday throng seeking to take a flight out to their preferred destinations at the at New York's Kennedy International Airport ahead of the Memorial Day holiday were in for a rude shock. Technology played a spoilsport, as a computer system broke down Sunday evening at a terminal, causing flight delays and cancellations that resulted in manual check-in process for thousands of holiday passeng The month of May saw the FDA greenlight 5 new drugs, including 1 new molecular entity, and surprisingly turn down 1 drug candidate, whose approval was considered a no-brainer by some experts. Lab equipment maker Thermo Fisher Scientific Inc. has agreed to acquire electron microscope maker FEI Co. for about $4.2 billion in cash, the two companies said Friday. Thermo Fisher noted that FEI's electron microscopy platform will complement its own mass spectrometry systems to accelerate advancements in structural biology.
comments powered by Disqus
Follow RTT