Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Falkland Islands FY14 Profit Rises; Maintains Dividend - Quick Facts

Falkland Islands Holdings Plc (FKL.L), which owns essential services businesses in the Falkland Islands and the UK, Monday announced that its fiscal 2014 pre-tax profit increased to 3.40 million pounds from last year's 2.80 million pounds.

Earnings per share was 21.1 pence, higher than 13.7 pence a year ago.

Underlying pre-tax profit, which excluded items, grew 10.8 percent to 3.65 million pounds from 3.29 million pounds in the prior year. Underlying earnings per share was 22 pence, compared to 21.3 pence a year ago.

Group revenue increased 7.5 percent to 38.3 million pounds from 35.6 million pounds last year.

Further, the company said its Board is recommending a maintained final dividend of 7.5 pence per share, which makes a total dividend of 11.5 pence per share, same as last year.

David Hudd, Chairman of FIH, said, "We remain focussed on modernising the business in readiness for the expected increase in economic activity as the next round of drilling approaches. We continue to believe that our wide spread of businesses in the Falklands offers an outstanding business opportunity there."

The company said its trading performance in the year to date is in line with expectations and that it anticipates a satisfactory year. Looking further ahead, the company continues to believe that it has an outstanding business opportunity in the Falkland Islands.

Register
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

Quick Facts

Editors Pick
The U.K. economy grew more than estimated in the second quarter and the current account deficit widened from the first quarter, the Office for National Statistics said Tuesday. Gross domestic product grew 0.9 percent sequentially, up from the prior estimate of 0.8 percent. The annual growth was confirmed at 3.2 percent. Eurozone inflation slowed in September, as expected, to the lowest since late 2009 and the unemployment rate remained stable at a double digit level in August putting pressure on the European Central Bank to launch a full-blown easing. Inflation came in at 0.3 percent, slower than August's 0.4 percent. This was the lowest since October 2009, when prices fell 0.1 percent. Chinese authorities on Tuesday eased some rules for mortgages for buying a second home, in a bid to boost the housing market. The People's Bank of China and the China Banking Regulatory Commission said in a joint statement that buyers who already own one apartment, but have paid off the mortgage...
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.