The Fiji supermarket chain RB Patel Group Ltd recorded US$56 million in total revenue and other income this year, an increase of more than 1.4 percent.
The company released its 2014 annual report yesterday, and the Fiji Times reports RBG chairman Padam Lala saying profit for the year after tax was $3.1million compared with $2.8 last year - an increase of 11 per cent.
However Mr Lala says profit before tax decreased and the anomaly is a result of the change in tax rate for listed companies from the next financial year and adjustment to the company's deferred tax balances.
He says the decrease in pre-tax profit is a reflection of the subdued economic conditions and competitive nature of the industry together with the continuing margin pressures from competitors.
He says the Fiji Commerce Commission's price determination on price controlled products continued to present challenges for the industry.
