Business
Corrections to FY Results published 2 March 2016
Corrections to FY Results published 2 March 2016.
About this update from James Fisher And Sons Plc
[{"type":"text","content":"\n \nRNS Number : 9860Q Fisher (James) & Sons plc 03 March 2016 \n\n3 March 2016\n \nJames Fisher and Sons plc\n \nCorrections to FY Results published on 2 March 2016\n \nCorrection to Financial Review\n \nOriginal text:\nA significant proportion of revenue is invoiced in US Dollars and the Group benefits from the US Dollar weakening against UK Sterling and conversely a stronger US Dollar has an adverse impact. Forward currency contracts are entered into to mitigate the risk of an adverse impact on profits for a portion of expected US dollar net cash flows. The Group does not hedge translation exposure where the local business records its transaction in local currency. The net impact of changes in currency rates compared to 2014, after forward contract hedging, was to increase underlying operating profit by £3.2m. \n \nCorrected text:\nA significant proportion of revenue is invoiced in US Dollars and the Group benefits from the US Dollar strengthening against UK sterling and conversely a weaker US dollar has an adverse impact. Forward currency contracts are entered into to mitigate the risk of an adverse impact on profits for a portion of expected US dollar net cash flows. The Group does not hedge translation exposure where the local business records its transaction in local currency. The net impact of changes in currency rates compared to 2014, after forward contract hedging, was to increase underlying operating profit by £3.2m. \n \nCorrection to Earnings per share and dividends\n \nOriginal text:\nA final dividend of 16.0p per share (2014: 14.9p) will be paid, subject to approval at the Annual General Meeting, on 6 May 2015 to shareholders on the register on 8 April 2015.\n \nCorrected text:\nA final dividend of 16.0p per share (2014: 14.9p) will be paid, subject to approval at the Annual General Meeting, on 6 May 2016 to shareholders on the register on 8 April 2016.\n \n-Ends- \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCAKNDNNBKDKNK\n ","length":4121,"tagName":"div"}]