Business
Results for the Six Months Ended 30 September 2023
Results for the Six Months Ended 30 September 2023.
About this update from Fih Group Plc
[{"type":"text","content":"\n\n24 November 2023\nFIH group plc\n(\"FIH\" or the \"Group\")\nResults for the Six Months Ended 30 September 2023\nFIH, the AIM quoted international specialist services group with businesses in the Falkland Islands and the UK, is pleased to announce its unaudited results for the six months ended 30 September 2023 (\"the period\"). Comparisons shown below are for the same period in 2022 unless otherwise stated.\nConsistent Performance and a Strong Foundation for the Second Half of the Year\n \nHighlights\n \n· Revenue up 17% to £26.7 million (2022: £22.9 million) with improvement in all three businesses.\n· Underlying pre-tax profit of £0.6 million (2022: £0.6 million) reflecting inflationary pressures across all businesses and investment in key people to drive future growth in Momart.\n· Strong cash position of £9.2 million as at 30 September 2023 (2022: £7.6 million).\n· An interim dividend to be paid of 1.25 pence per share (2022: 1.2 pence per share).\n \nOutlook\n \n· Momart and Portsmouth Harbour Ferry Company (\"PHFC\") performing in line with expectations.\n· Falkland Islands Company (\"FIC\") performance in the second half should benefit from the Falkland Islands tourist season and increased construction activity in the more productive spring and summer months.\n \nStuart Munro Chief Executive, said:\n \n\"Despite the inflationary pressures experienced in all areas of the business, the Group delivered an underlying pre-tax profit of £0.6 million, which was consistent with the prior year. The UK businesses are delivering as expected, with Momart on track to deliver a much stronger second half. In FIC, the second half of the year should benefit from increased construction activity in the traditionally more productive austral spring and summer months. This is also the start of the tourist season, which should boost both direct and indirect revenues in a number of FIC business sectors, including Retail and Penguin Travel in Support Services.\"\n \n \nEnquiries:\n\n\n\n\n\n\n\n\nFIH group plc\nStuart Munro, Chief Executive\nReuben Shamu, Chief Financial Officer\n \n\n\n \nTel: 01279 461630\n \...