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Falkland Islands Fiscal Year Pretax Profit From Cont. Opns. Decreases

Falkland Islands Holdings plc (FKL.L) reported pretax profit from continuing operations of 2.80 million pounds for the year ended 31 March, 2013, compared to 2.84 million pounds last year. Profit for the year attributable to equity holders decreased to 1.60 million pounds or 13.7 pence per share, from 2.26 million pounds or 24.4 pence per share prior year.

Underlying pre-tax profit increased 1.9% to 3.29 million pounds from 3.23 million pounds last year. Underlying profit per share was 21.3 pence for the year.

In the current year, the Group benefited from interest of 0.16 million pounds earned on the 10.0 million pounds share subscription from shareholders in July 2012.

Group revenue increased by 4.4% to 35.6 million pounds from 34.1 million pounds last year. The Board of Falkland Islands recommended an increased final dividend of 7.5 pence per share, which makes a total dividend of 11.5 pence per share, up 4.5% on last year.

by RTTNews Staff Writer

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