FIH Group (FIH)

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 215.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 274.00
  • 52 Week Low: 205.00
  • Currency: UK Pounds
  • Shares Issued: 12.52m
  • Volume: 810
  • Market Cap: £26.92m

FIH Group posts record revenue in first half

By Iain Gilbert

Date: Tuesday 28 Nov 2017

LONDON (ShareCast) - (ShareCast News) - Falkland Islands services firm FIH Group posted record group revenue in the six months leading to 30 September, pushing profits ahead by 38%.
Group revenue edged up to £20.6m from the £19.8m posted at the same time a year earlier, helping lift pre-tax profits 38% to £1.4m.

FIH, which runs ferries to the Falkland Islands, said revenue had remained "broadly flat" in its Falkland Islands Company division, coming in £200,000 higher at £8.58m, despite challenging comparatives and the absence of oil income.

The firm's Portsmouth Harbour Ferry business reported a 6.8% increase in revenue on stable core revenues boosted by strong summer cruising, and Momart, FIH's fine art and antiquities logistics service, saw revenues increase 7.4% to £9.59m as record sales continued progress in a "competitive global market."

John Foster, chief executive of FIH, said, "After an encouraging first half's trading, with profits ahead of the prior year in all three of the group's trading subsidiaries, the group is well placed to deliver another solid set of results in the traditionally stronger second half."

Speaking on the decline in oil spend, he added, "In the Falklands, the combination of the austral summer and a seasonal boost from consumer spending at Christmas should underpin a traditionally solid second half's trading. In the longer term, there remains significant growth potential linked to oil and/or an accelerated development of land-based tourism."

Bank borrowings reduced to £3.6m from the £3.8m posted at the end of the previous financial year on 31 March, and cash balances moved up from £12.5m at the midway point of 2016 to £15m at the end of September.

Earnings per share advanced to 8.7p from 6.5p.

As of 1655 GMT, shares had gained 3.515 to 295.00p.

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FIH Group Market Data

Currency UK Pounds
Share Price 215.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 274.00
52 Week Low 205.00
Volume 810
Shares Issued 12.52m
Market Cap £26.92m

FIH Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.63% above the market average27.63% above the market average27.63% above the market average27.63% above the market average27.63% above the market average
42.22% above the sector average42.22% above the sector average42.22% above the sector average42.22% above the sector average42.22% above the sector average
Price Trend
26.46% below the market average26.46% below the market average26.46% below the market average26.46% below the market average26.46% below the market average
24.75% below the sector average24.75% below the sector average24.75% below the sector average24.75% below the sector average24.75% below the sector average
Income
36.35% above the market average36.35% above the market average36.35% above the market average36.35% above the market average36.35% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Growth
99.29% above the market average99.29% above the market average99.29% above the market average99.29% above the market average99.29% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

FIH Group Dividends

  Latest Previous
  Interim Final
Ex-Div 30-Nov-23 28-Sep-23
Paid 12-Jan-24 31-Oct-23
Amount 1.25p 5.30p

Trades for 12-Apr-2024

Time Volume / Share Price
11:13 500 @ 227.00p
08:00 310 @ 215.10p

FIH Group Key Personnel

CEO Stuart Munro
CFO Reuben Shamu

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