Falkland Islands Holdings Swings To FY10 Profit

LONDON (Dow Jones)--Falkland Islands Holdings PLC (FKL.LN), an international services group, reported Wednesday a swing into pretax profit for fiscal 2010 and said its trading performance year to date is in line with its expectations. MAIN FACTS: -Revenue for the year ended March 31 GBP29.2 million (2009: GBP32.3 million). -Pretax profit GBP5.7 million (2009: loss GBP0.6 million). -Underlying pretax profits GBP2.7 million (2009: GBP2.3 million). -Earnings per share on underlying profit 21.7 pence (2009: 18.8 pence). -Diluted EPS 57.5 pence (2009: loss 12.8 pence). -Cash balances of GBP3.8 million (2009: GBP3 million), resulting in net borrowings at the year-end of GBP1.5 million (2009: GBP4.2 million). -Recommends dividend of 5 pence per share making a total of 9 pence (2009: 8.0 pence). -Expects the forthcoming year to be challenging. -Expects continued robust cash flow and is confident of maintaining dividends. -Shares on Tuesday closed at 500 pence, valuing the company at GBP45.5 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com (END) Dow Jones Newswires June 23, 2010 02:52 ET (06:52 GMT)