News

FHL group records profit after tax of seven percent

November 12, 2018 10:28 pm

The Fijian Holdings Group has recorded a growth in profit after tax of seven per cent for the three months ending September 30th.

The Group’s post-tax profit for three months stood at $6.8m compared to $6.4m for the same period last year.

In a market announcement, FHL chair, Adrian Sofield says the positive results are due to the good performance by Group companies particularly the RB group and Basic Industries.

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Sofield adds the group revenue has increased by six per cent compared to the September 2017 results.

The Group chair says as of September, shareholders’ funds have reached $286m compared to $254m for the same period last year.

The FHL Group consists of fourteen subsidiaries and is a listed company on the South Pacific Stock Exchange.