"Overall, we are pleased with the performance of the Group, in a year where we have seen a return to more normal trading levels in the Falklands, against the former period’s uplift from oil exploration and in the UK, a solid performance from our ferry business and a record string of contract wins at Momart. The outlook for the second half of the year remains positive. In the Falklands we expect a return to quieter more normalised “pre-oil” trading and in the UK, the focus will be on securing new long term tenants for Momart’s newly opened art storage facilities."
Edmund Rowland, Chairman of FIH
|6 months to September 2016
|6 months to September 2015
|Underlying operating profit||1,138||1,114||+2.2|
|Share of Joint Venture underlying results||25||106||-76.4|
|Profit before finance income and expense||1,163||1,220||-4.7|
|Interest(net) inc. pension costs||(111)||(123)||-9.8|
|Underlying profit before tax||1,052||1,097||-4.1|
|Gain on sale of FOGL shares||-||388||-|
|Amortisation of non-trading intangiables||(36)||(72)||-50.0|
|Reported profit before tax||1,016||1,413||-28.1%|
|Diluted earnings per share on underlying profit||6.5p||6.8p||-4.4|
|Weighted average shares in issue||12,416,472||12,410,749||-|
FIH, the AIM quoted group that owns essential services businesses in the UK and Falkland Islands, is pleased to announce its unaudited results for the six months ended 30 September 2016 (“the period”). Comparisons shown below are for the same period in 2015 unless otherwise stated.
* Underlying Profit Before Tax is shown after bank interest and financing costs and excludes non-trading items and non-cash charges for the amortisation of intangible assets