News

R.B Patel records increased profits

July 28, 2016 5:18 am

The R.B Patel group has posted a net profit of just over $7.3 million for the financial year ended 30th June 2016.

The publicly listed company released its financial results to the South Pacific Stock Exchange earlier today.

The profit is a $1.4 million increase from the 2015 results.

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R.B Patel directors have proposed a final interim dividend of $3.3 million bringing the year end amount to $4.5 million.

The company retails and wholesales general merchandise, own property and runs nine supermarkets.