18th October 01:18 PM
FSC records loss of $23 million in the last financial year - Clark
By Semi Turaga
Wednesday 09/10/2019
Fiji Sugar Cooperation CEO Graham Clark

Fiji Sugar Cooperation CEO Graham Clark says FSC recorded an operating loss of $23 million in the last financial year.

Clark says this was impacted by weather conditions and reduced world sugar prices.

He says that on the positive side they addressed technical issues that worried them last year and their factories are running much better.

Clark says they also have issues around their balance sheet and they are now engaging with debt providers to see what assistance they can provide to help them strengthen their balance sheet.

Clark adds they have been blessed with very good weather this year and hopes the cane farmers have taken advantage of it.

He also stresses that he would also like a reduction in the burning of cane.

FSC is also dealing with the misleading report which says that FSC had made $80 million operating loss.

Pacific Specialist Healthcare
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