13 Dec 2005

Fiji TV reports annual profit of US$2.7m

9:18 am on 13 December 2005

Fiji Television Limited, which is exempt from paying corporate tax, has reported a profit of nearly US$2.7 million for its last financial year.

The profit was five per cent up on the previous year and was earned on revenues of US$8.7 million.

Fiji TV has 10.3 million F$1 shares but its market capitalisation stands at more than four times that figure because of a jump in share prices.

Total dividend for the year will be 18 cents per F$1 share.