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FIH Group Faces Challenges Amid Construction Setbacks
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FIH Group Faces Challenges Amid Construction Setbacks

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An update from FIH Group plc ( (GB:FIH) ) is now available.

FIH Group PLC has reported a challenging first half for 2024, with significant setbacks in its construction division, Falkland Building Services, causing a 32% drop in revenue and a pre-tax loss of £5.9 million compared to a profit the previous year. Despite these difficulties, other divisions like Momart and Portsmouth Harbour Ferry Company performed steadily, and the company maintained its interim dividend, reflecting confidence in a positive long-term outlook.

More about FIH Group plc

FIH Group PLC is an AIM-quoted international specialist services group operating businesses in the Falkland Islands and the UK. The company’s primary services include construction, ferry operations, and art logistics, with major subsidiaries like the Falkland Islands Company, Momart, and Portsmouth Harbour Ferry Company.

YTD Price Performance: 15.61%

Average Trading Volume: 5,353

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £30.05M

See more insights into FIH stock on TipRanks’ Stock Analysis page.

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