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FHL Group lifts profits

October 2, 2012 1:02 am

Fijian Holdings Group consolidated profit increased by 121% to $14.54 million in the last financial year.

According to the company Annual Report – overall there was slight growth in revenue and as a whole operating expenses decreased compared to the previous year.

Company chairman Iowane Naiveli says while most subsidiaries did well, even the non performers had better results than past years.

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The company will pay out $2.796 million in dividends.

Naiveli reveals that a special evaluation will be done in the next few months for FHL Logistics Ltd and Pasifika Holdings Limited.

This exercise is expected to identify and implement proper strategies and actions to ensure that the two companies provide positive results to the Group bottom line.

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