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FIH Group PLC shares fell on Tuesday, after it warned that financial 2025 results are likely to be ‘significantly’ below expectations. Shares in FIH were down 13% to 210.00 pence each in London on Tuesday afternoon. The firm, which operates businesses such as construction, ferries and art storage in Falkland Islands and UK, expects results for the financial year that ended this past March 31 to be ‘broadly in line with market expectations’. However, FIH warns that trading in the Falkland Islands Co for the new year will be ‘significantly below expectations’. This is due to ‘delays in tender opportunities into future periods in Falkland Building Services, FIC’s housing and construction division’. The company noted that its other divisions continue to perform in line with expectations. As a result, FIH expects group trading for the whole of the current year to be ‘materially below market expectations’. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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