FHL records another growth yet again
October 30, 2017 5:50 pm
The Fijian Holdings Limited recorded a four percent growth over the last three months ending September 30th.
Group Chair, Adrian Sofield says the group’s profit after tax amounted to $6.4million in comparison to $6.2 million in the same period last year.
Sofield says this achievement is due to the conducive economic environment.
He adds the confidence in the market will allow the group to meet its budgeted target for the 2017/2018 financial year.
However, the Group revenue has decreased by two percent compared to the September 2016 results.
Sofield says this is mainly due to shortfalls in sales from Pacific Cement Limited and the RB Patel Group.
He adds the Pacific Cement Limited is recovering from the plant break down while the sales for the supermarket has been low due to the current market conditions.
The Fijian Holdings Limited is a listed company on the South Pacific Stock Exchange.