FIH has produced another set of good results, ahead of expectations which themselves were upgraded by 12% on the back of FIH’s last update, in early March. With good progress in the Falklands and in FIH’s UK-based art distribution business, in particular, pre-tax profits are up 35%, the dividend is raised from 4.0p to 4.5p (+12.5%), and there is a healthy rise in net cash as well. We view these results as particularly encouraging given the absence of any meaningful oil-related expenditure in the ....
12 Jun 2018
Excellent results, good underlying potential
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Excellent results, good underlying potential
FIH Group plc (FIH:LON) | 220 0 0.0% | Mkt Cap: 27.5m
- Published:
12 Jun 2018 -
Author:
Nick Spoliar -
Pages:
8
FIH has produced another set of good results, ahead of expectations which themselves were upgraded by 12% on the back of FIH’s last update, in early March. With good progress in the Falklands and in FIH’s UK-based art distribution business, in particular, pre-tax profits are up 35%, the dividend is raised from 4.0p to 4.5p (+12.5%), and there is a healthy rise in net cash as well. We view these results as particularly encouraging given the absence of any meaningful oil-related expenditure in the ....