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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.

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.