FIH Group plc
("FIH" or the "Group")
Trading Update
FIH, 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.
Group 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.
Trading 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.
The Group's other divisions (Portsmouth Harbour Ferry Company and Momart) continue to perform in line with the Board's expectations.
In light of the above, the Board anticipates that Group profit for the year ending 31 March 2025 will be materially below market expectations.
A further update will be provided as soon as practicable.
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Market Abuse Regulation (MAR) Disclosure
This 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.
The person responsible for arranging the release of this announcement on behalf of the Company is Stuart Munro Chief Executive of the Company.