Business
Trading Update
Trading Update.
About this update from Fih Group Plc
[{"type":"text","content":"\n\nFIH Group plc\n(\"FIH\" or the \"Group\")\nTrading Update\n \nFIH, the AIM quoted international specialist services group with businesses in the Falkland Islands and the UK, provides the following update regarding the Group's current and projected trading performance.\n \nGroup results for the year ended 31 March 2024, will be announced in early August and the Board anticipates that profit will be broadly in line with market expectations.\n \nTrading in the Falkland Islands Company (\"FIC\") for the year ending 31 March 2025 is anticipated to be significantly below expectations, predominantly as a result of delays in tender opportunities into future periods in Falkland Building Services, FIC's housing and construction division. \n \nThe Group's other divisions (Portsmouth Harbour Ferry Company and Momart) continue to perform in line with the Board's expectations.\n \nIn light of the above, the Board anticipates that Group profit for the year ending 31 March 2025 will be materially below market expectations.\n \nA further update will be provided as soon as practicable.\n \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 \n\n\n\n\nZeus Capital Limited. - NOMAD and Broker to FIH\nChris Fielding / James Bavister\n \n\n\n \nTel: 0207 220 1666\n \n\n\n\n\nNovella Communications\nTim Robertson / Chris Marsh\n \n\n\n \nTel: 020 3151 7008\n \n\n\n\n\n\n\n\n\n\n\n\n\n \nMarket Abuse Regulation (MAR) Disclosure\n \nThis announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (\"MAR\"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \nThe person responsible for arranging the release of this announcement on behalf of the Company is Stuart Munro Chief Executive of the Company.\n\n","length":4694,"tagName":"div"}]