2 Nov 2006

Fijian Holdings Group Limited records highest operating result to date

10:52 am on 2 November 2006

The Fijian Holdings Group Limited has recorded its highest operating result to date, with its net assets valued at over 112 million US dollars.

The Fiji Times reports that the Group chairman Josaia Mar made the announcement at the company's annual general meeting on Tuesday.

The FHL Group's consolidated profit before tax increased by 52 per cent, from over 9 million US dollars in 2005 to over 14 million, this year.

Net profit after tax expanded by 37-percent from over

7-million in 2005 to over 9 million as at June 30, 2006.

Mr Mar says that the group's performance was driven by revenue growth, which increased by 26 per cent in 2006.