10th Apr 2019 09:35
LONDON (Alliance News) - FIH Group PLC said Wednesday it expects pretax profit for the year ended March 31 to exceed market expectation "by a comfortable margin".
Shares in the Falklands Islands-focused retail and logistics firm were up 13% in morning trade at 320.00 pence each.
FIH said Momart - its fine art storer and installation business - has continued to improve its margins during the year, driving improvement in the group. Momart is FIH's largest operating unit and in financial 2018 posted a profit of GBP1.0 million on revenue of GBP21.2 million.
In the year ended March 2018, FIH recorded pretax profit of GBP3.3 million on revenue of GBP43.8 million.
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