Business
Results for the six months ended 30 September 2013
Results for the six months ended 30 September 2013.
About this update from Fih Group Plc
[{"type":"text","content":"\n \nRNS Number : 7849T Falkland Islands Holdings PLC 25 November 2013 \n \n\n \n \n \n \n25th November 2013\n \n \nFalkland Islands Holdings plc\n \n (\"FIH\" or the \"Group\")\n \nResults for the six months ended 30 September 2013\n \nFIH, the AIM quoted group that owns essential services businesses in the Falkland Islands and the UK, is pleased to announce its unaudited results for the six months ended 30 September 2013 (the \"Period\"). Comparisons shown below are for the same period in 2012-13 unless otherwise stated.\n \n Group Financial Highlights\n· Group revenue up by 4.4% to £17.24 million (2012: £16.52 million)\n· Underlying Profit Before Tax* ahead by 14.8% at £1.37 million (2012: £1.19 million)\n· Diluted earnings per share based on underlying earnings were 8.1p (2012: 7.8p)\n· The Board is proposing an unchanged interim dividend of 4.0p per share (2012: 4.0p)\n· Bank borrowings at 30 September 2013 were £1.5 million (31 March 2013: £2.0 million)\n· Group had cash balances of £8.2 million at 30 September 2013 (31 March 2013: £11.4 million)\n \n*Underlying profit before tax is defined as profit before tax, amortisation and non- trading items.\n \nOperating Highlights\n \nFalkland Islands Company ( \"FIC\" )\n· Sales of £6.76 million 2.7% down on the prior period (2012: £6.94 million)\n· Profit Before Tax lower by £0.24 million at £0.30 million (2012: £0.54 million)\n· Further investment made to upgrade FIC's business infrastructure in preparation for oil development.\n \nPortsmouth Harbour Ferry Company ( \"PHFC\")\n· Sales up 0.9% to £2.24 million (2012: £2.22 million)\n· Profit Before Tax unchanged at £0.31 million (2012: £0.31 million)\n· Rate of decline in passenger numbers slowed to -1.7% (2012: -7.6%)\n \nMomart\n· Sales increased by 12% to £8.2 million( 2012: £7.4million)\n· Profit Bef...