FHL to broaden its portfolio
October 28, 2018 12:55 am
The Fijian Holding’s Limited is looking to further broaden their portfolio.
Group chief executive, Nouzab Fareed says despite failing in the logistics business once the FHL is looking at another logistics but with a proper planning this time.
FHL Logistics after recording a loss of $1.29 million for the financial year ending June 2013 compared to a loss of $2.5 million for the year ending June 2012 closed down in December 2013.
“At this stage we are serious about the logistics company because we failed once and we have admitted that we failed while creating FHL Logistics. But this time we will seek advice from the experts.”
He also highlighted the company is also investing in the construction sector and tourism sector whereby they will develop two hotels.
Fareed adds one hotel will be in Suva while the other one will be in Nadi.