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FBL declares seven cents interim dividend for six months

September 11, 2018 3:31 am

Free Bird Institute Limited’s Board has declared an interim dividend of seven cents per share for six months ending June 30th.

This equates to a return of 2.41% for the shareholders.

Executive chair, Hiroshi Taniguchi, says the Company faced several challenges in the first half of the year with the decline in student numbers by 14%.

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Taniguchi says this was mainly due to the continuous growth in the Japanese economy which created more employment opportunities for graduates or those seeking better jobs.

He says the Board and Management are now working closely to actively market the institute into the non-Japanese markets such as Russia and China where the demand for the English language courses is still quite predominant.

He says with direct flights to Narita, Japan being revived by Fiji Airways, the Institute is adamant that this will help boost the sales points in the Japanese market.

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