Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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."

Click here to receive FREE breaking news email alerts for Falkland Islands Holdings PLC and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
After moving mostly higher in early trading on Tuesday, stocks have given back ground over the course of the trading session. A negative reaction to news of new European sanctions against Russia contributed to the pullback by the markets. Consumer confidence in the U.S. improved for the third consecutive month in July, according to a report released by the Conference Board on Tuesday, with the consumer confidence index jumping to its highest level in almost seven years. Stocks have moved mostly higher in early trading on Tuesday after ending the previous session roughly flat. The major averages have climbed into positive territory, although there does not seem to be much conviction behind the upward move.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.