FHL records $20.44M pre-tax profit

Fijian Holdings Limited has recorded 66% growth over the 12 months ending June 30th, 2016.

The company recorded a pre-tax profit of $20.44 million for the 12 months compared to $12.32 million the previous year.

The after tax profits for the 12 months stood at $25.88 million compared to $18.48 million achieved in the same period last year.

The Group revenue reached $294 million for the 12 months.

FHL Group Chairman Iowane Naiveli says the Group companies have achieved a new benchmark based on the positive economic outlook.

FHL CEO Nouzab Fareed says the group has now exceeded its existing target.

The Group assets stood at $475 million as at 30th June 2016 while the shareholders’ fund has reached $218 million.