Interim results from FIH today reflect divergence between the UK businesses, which were heavily impacted by the lockdown from April onwards, and the Falkland Islands, which were barely affected by C-19, and are virus-free. Posting a modest overall pre-tax loss of £0.2m, the company saw the initial dramatic effects of lockdown in the UK (usually 60% of sales) reversed as these businesses began to normalise (both returning to profit during Q2). FIH took a number of proactive steps to protect th ....
12 Nov 2020
WHI Morning Comment: FIH Group (FIH) - Meaningful recovery post-Lockdown 1; major cost-reductions frame H2 and ‘22
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WHI Morning Comment: FIH Group (FIH) - Meaningful recovery post-Lockdown 1; major cost-reductions frame H2 and ‘22
FIH Group plc (FIH:LON) | 230 0 0.0% | Mkt Cap: 28.8m
- Published:
12 Nov 2020 -
Author:
Nick Spoliar -
Pages:
5
Interim results from FIH today reflect divergence between the UK businesses, which were heavily impacted by the lockdown from April onwards, and the Falkland Islands, which were barely affected by C-19, and are virus-free. Posting a modest overall pre-tax loss of £0.2m, the company saw the initial dramatic effects of lockdown in the UK (usually 60% of sales) reversed as these businesses began to normalise (both returning to profit during Q2). FIH took a number of proactive steps to protect th ....