Shareholders in Falkland Islands Holdings were cheering the humble squid as they met for their annual meeting in London today.
Chairman David Hudd told them: “Results for the first five months show a substantial improvement over the quiet start seen last year.”
He said the improvement was mainly due to the fishing business “where record squid catches and increased economic activity have led to a substantial increase in profits”.
The Falkland squid, Latin name Illex Argentinus, is one of the most commonly commercially fished of the species.
Last season saw 270,000 tonnes landed on the Falklands, the biggest catch since the fishery opened in 1987.
The company, which is better-known for its interests in oil exploration and support services in and around the islands as well as ferrying major art exhibitions around the world, saw its shares rise 9p to 362.5p.
Shareholders were not treated to calamari after the meeting.
