FHL records 22 percent growth for 6 months
February 15, 2019 7:05 am
The Fijian Holdings Group has recorded a 22 percent growth for six months ending December 31st, 2018.
The Group recorded a pre-tax profit of $25.59 million compared to $20.91 million in the same period last year.
Group after-tax profits for the 6 months stood at $16.25million compared to $12.97 million achieved in the same period last year.
FHL Group Chair, Adrian Sofield says the contribution from major sectors of tourism, construction, and retailing division continued to support the overall group performance.
He adds similar trends are expected to continue for the second half with expectations to close the financial year with good results.
Group revenue reached $187.92 million for the said six months compared to the previous period where revenue stood at $167.03 million.
The Group confirms that revenue has exceeded its existing target and predicted to close the remaining six months on a high note.
As of December 31st, 2018, Group assets stand at over $586 million while the Shareholders funds have reached $293.54 million.
The Fijian Holdings Group consists of fourteen subsidiaries and is a listed company on the South Pacific Stock Exchange.