logo
Share SHARE
FONT-SIZE Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
comments powered by Disqus
Follow RTT