Business
Final results for the year ended 31 March 2017
Final results for the year ended 31 March 2017.
About this update from Fih Group Plc
[{"type":"text","content":"\n \nRNS Number : 8745H FIH Group PLC 13 June 2017 \n\n \n \nFIH group plc\n \n(\"FIH\" or \"Group\" or \"Company\")\n \nFinal results for the year ended 31 March 2017\n \nA copy of the Group's results is also available on the Company's website. FIH, the AIM quoted international services group that owns essential services businesses in the Falkland Islands and the UK, is pleased to announce its final results for the year ended 31 March 2017. \n \nGroup Financial Highlights\n· Group revenue increased 3.8% to £40.5 million (2016: £39.0 million)\n· Underlying pre-tax profits at £2.4 million (2016: £3.1 million)\n· Reported diluted earnings per share at 11.5 pence (2016: 17.9 pence)\n· EPS on underlying profits: 15.3 pence (2016:19.2 pence) \n· Cash balances increased to £15.1 million (2016: £14.0 million)\n· Bank borrowings of £3.8 million (2016: £3.3 million)\n· Net assets per share 320p (2016: 310p) \n· The Board is recommending a final dividend of 4 pence per share for the year ended 31 March 2017\n \n \nOperating Highlights\n \nFalkland Islands Company (\"FIC\") - Quieter overall performance as expected, but welcome growth in select divisions with tight cost management helping mitigate challenging market conditions and absence of oil stimulus\n· £1.16 million pre-tax profits (2016: £1.94 million) \n· Lack of oil-related demand fed through to weakened demand for goods and services\n· Retail competition also increased with the expansion of FIC's principle retail competitor\n· However, sales were up at the home-related businesses, Home Living, Home Builder, and Falkland Building Services, supported by the government's subsidised home-ownership scheme \n \nMomart - Strong revenue performance despite market pressures and fierce competition\n· Increase in overall revenue to £18.4 million (2016: £16.3 million) with particularly strong performance in Museum Exhibitions (+19.9%)\n· &...