9th May 2018 11:04
LONDON (Alliance News) - FFI Holdings PLC said on Wednesday it traded in line with expectations for its recently ended financial year, retaining its forecast for its annual earnings.
The entertainment industry-focused contract provider kept its estimation for underlying earnings before interest and tax for its year ended March in the middle of its range of USD15.0 million to USD18.0 million, up from USD12.7 million the year before.
As at March-end, FFI Holdings' equipment rental business capacity rate was up 30% year-on-year, and several acquisitions were completed including the motorsports entertainment insurance book All Risks Ltd and film distributor Signature Entertainment UK.
"The first four months of calendar 2018 have seen FFI consolidate its position as a multi-service provider across the entertainment value chain, with recent deals and partnerships demonstrating how FFI is expanding beyond its completion contracts business to include entertainment insurance intermediary business for the first time," said Chief Executive Steven Ransohoff.
"I am particularly pleased to see trading in our completion contract business has provided the confidence to reaffirm the financial guidance we issued in December 2017."
Shares in FFI Holdings were up 10% at 79.75 pence on Wednesday.
Related Shares:
FFI.L