Communications Fiji Limited, the parent company of Legend FM, FM96, Radio Sargam, Viti FM and Navtarang today announced a group after tax profit of $1,515,009.
Chairman Matt Wilson said while this was a decline from the record result in 2012, it was still the second highest profit in the company’s history.
Wilson said the reduction results largely from a decrease in earnings in the Papua New Guinean subsidiary PNG FM Limited.
He said PNG was affected by a number of issues.
These include the winding down of the construction phase of the Liquified Natural Gas project, lower commodity prices and a slump in the value of the Kina.
CFL’s Managing Director William Parkinson said he is happy with the results.
Parkinson said for Fiji, 2014 should be a challenging year for CFL yet a big year for PNG to look forward too.
The centre of Tropical Disturbance 11F is currently slow-moving and expected to track south and then southeast, remaining well to the west of the Fiji...
6 hours ago
Writer and filmmaker from Ra, Adi Tulia Nacola and Rotuma's first and only playwright, award-winning filmmaker and full professor, Vilsoni Hereniko ...
12 minutes ago
Apple is celebrating its 50th anniversary, marking decades of influence in shaping how people use technology in their daily lives.
The company’s ...
46 minutes ago
As Fiji faces increasing challenges with drugs, HIV and non-communicable diseases among young people, every child needs at least one responsible ...
2 hours ago
The Fiji National Disaster Risk Management Office (NDRMO) is advising all Fijians to remain alert and begin early preparedness measures as Tropical ...
2 hours ago
On this blessed Resurrection Sunday, we are reminded of the power of hope, renewal, and new beginnings. Minister for Education, Aseri Radrodro ...
2 hours ago
I was invited to travel to New Zealand by the Fiji Sports Council for a grassroots 7s tournament in 2024, I travelled business class but it was ...
30 days ago
