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
Airline industry profits in 2016 are now expected to be slightly lower than previous view, yet would reach a peak of $35.6 billion, the International Air Transport Association or IATA said Thursday. Meanwhile, profits would decline in 2017 amid overcapacity, rising fuel costs and political turmoil. Burger King has introduced a donut burger in Israel to celebrate the Jewish festival of Hanukkah. The burger will be called the SufganiKing, a play on the Hebrew word for donut, which is sufganiyot. The burger will be sold for about $4. Ciena Corp., a provider of communications networking solutions, on Thursday reported a turnaround to profit in the fourth quarter on higher revenues and lower expenses. However results for the quarter missed analysts' estimates. Looking ahead, the company forecast revenue for the first quarter of fiscal 2017 in line with analysts' expectations.
comments powered by Disqus
Follow RTT