|FIH group plc||2022||2021||Change|
|Underlying operating profit||3.1||1.0||2.1|
|Interest payable on bank loans||(0.4)||(0.5)||0.1|
|Lease finance & pensions charges||(0.4)||(0.4)||-|
|Underlying profit before tax||2.3||0.1||2.2|
|Profit before tax||2.0||0.2||1.8|
|Avg shares (000's)||12,519||12,752|
|Diluted EPS on underlying profit after tax||9.5p||-|
Stuart Munro, Chief Executive, said:
"After a challenging two years for the Group, I’m delighted to be able to report a significant improvement in pre-tax profit. Whilst this has been driven by a welcome step towards pre-COVID levels of trading activity, it is also due to the hard work of our employees and the actions taken to reduce our cost base in the early stages of the pandemic.
The overall trading outlook remains positive. In FIC, the lifting of the ban on tourists visiting the Falkland Islands on 4 May 2022, together with a strong order book and potential opportunities for further work, all bode well for the future. As the impact of COVID hopefully continues to reduce, further improvement in activity levels is also expected at Momart and PHFC.
The improvements already delivered, together with the potential for further progress and the continuing financial strength of the Group, give me confidence for the future."