The Fiji Rugby Union (FRU) has reported an impressive surplus of $1.6 million in its annual report for 2023. This achievement is a significant rebound from the previous year, when the union recorded a loss of $1.6 million.
In 2022, FRU’s income stood at $21 million with expenses totaling about $23 million. However, the organization turned the situation around in 2023 by increasing its income to $27 million. Although expenses rose to $25.5 million, the union still managed to achieve a profit of $1.6 million. FRU Trust Board Chairman Peter Mazey expressed optimism about the future, stating that the results indicate they are heading in the right direction.
Mazey also noted that resolutions from unions are set to be addressed during the upcoming Annual General Meeting (AGM) on Saturday, where the 2023 financial report will be presented. Additionally, the AGM will see the appointment of seven new board members.
This positive financial performance reflects the resilience and strategic planning within the FRU. It sets a hopeful precedent not only for the union but also for the broader sporting community in Fiji, showcasing the potential for recovery and growth in challenging times.
By maintaining financial stability and addressing key resolutions during the AGM, the FRU is poised for further success in the coming years.
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