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RB Patel declares final dividend

July 31, 2015 5:01 am

RB Patel Group Limited has declared a final interim dividend of 10 cents per share to be paid next month.

This will bring the total dividends paid for the year to 14 cents per share.

Company chair Iowane Naiveli says this will be the 8th consecutive year the company has maintained its dividend at 14 cents per share.

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Naiveli also says the financial results for the year ending 30th June 2015 is also pleasing.

He says the company’s performance reflects the improving economic and financial conditions both locally and globally.

The company’s revenue increased by 3.6% and the operating profit grew by 11.2%.

Naiveli says the restrictions on margins imposed by the Fiji Commerce Commission on high volume items continue to provide challenges for businesses in maintaining profitability.

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