Falkland Islands Holdings

Falkland Islands Holdings

Falkland Islands Holdings

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Description:
Falkland Islands Holdings plc () or FIH is a British conglomerate which plays a key role in the economy of the Falkland Islands through the Falklands Islands Company. Its other main businesses are the Portsmouth Harbour Ferry Company, which operates the Gosport Ferry in the south of England, and a London-based art storage and transport company called Momart.

The head office is in Bishop's Stortford in England.

Financial information

FIH shares have traded on the Alternative Investment Market (AIM) in London since 13 January 2003. In July 2010, FIH's market value was around £36m. It made a pretax profit of £5.669m in the year ended 31 March 2010 on revenue of £29.224m. £3.3m came from the sale of shares in Falkland Oil and Gas in November 2009.

History

The company's key subsidiary, the Falkland Islands Company (FIC), was incorporated in 1851 and received its Royal Charter on 10 January 1852. Established with an authorised capital of £100,000, its purpose was to engage in agricultural and general trading activities. It established shops and a shipping line, and by 1945 it owned 1.2 million acres (4,900 km²) in the Falklands and a flock of 300,000 sheep. It first listed on the London Stock Exchange in 1962. In 1972, it was acquired by The...
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