IN BRIEF: FIH shares down as swings to loss; touts optimistic outlook
19th Dec 2024 21:53
FIH Group PLC - services businesses such as construction, ferries and art storage in Falkland Islands and UK - Swings to pretax loss of GBP6.1 million in the six months to September 30, from a profit of GBP822,000 a year ago. Revenue declines 32% to GBP18.2 million from GBP26.7 million, which it attributes "to a combination of factors which have severely impacted the trading performance of Falkland Building Services". Cost of sales reduce by 20% to GBP12.9 million from GBP16.1 million. FIH maintains its interim dividend at 1.25 pence per share, citing confidence in its longer-term trading outlook. Read More