Profits rise at Falkland Islands but growth expected to slow

Falkland Islands, an international services group, offset news of a rise in both revenue and profits with warnings of a slowdown in growth.

Falkland Islands, an international services group, offset news of a rise in both revenue and profits with warnings of a slowdown in growth.

Underlying pre-tax profits for the year rose 18.7% from £2.73m to £3.24m, slightly higher than expectations of £3.0m, despite higher financing costs this time round. Revenues were up 7.1% from £31.84m to £34.11m, ahead of expectations of £32.0m. Diluted earnings per share increased from 20.6p to 26.2p.

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