Falkland Islands services firm FIH Group posted record group revenue in the six months leading to 30 September, pushing profits ahead by 38%. Group revenue edged up to £20.6m from the £19.8m posted at the same time a year earlier, helping lift pre-tax profits 38% to £1.4m.
The British financial media is reporting the existence of a letter sent by the government of the Falkland Islands to Falkland Islands Holdings group, which is in the midst of a controversial takeover bid dispute with an Argentine fund. Last month the Dolphin fund controlled by the Buenos Aires property developer Eduardo Elsztain said it was considering a bid for FIC’s Aim-listed parent FIH Group.
The Falkland Islands Company has announced the expansion of its tax efficient share plan (Share Incentive Plan or SIP) which is open to all its 180 full time employees. The company believes in share ownership by staff and the public company status of its parent company, Falkland Islands Holdings plc (FIH), allows local staff to benefit from this in a meaningful way.