The Fiji Rugby Union (FRU) has announced an impressive financial turnaround, reporting a surplus of $1.6 million in its 2023 annual report. This is a considerable improvement compared to the previous year’s loss of $1.6 million.
In 2022, the FRU recorded an income of $21 million against expenses that totaled approximately $23 million. However, in 2023, the organization increased its revenue to $27 million. While expenditures grew to $25.5 million, the FRU still managed to achieve a profit of $1.6 million. FRU Trust Board Chairman Peter Mazey expressed optimism for the future, highlighting that these results indicate the union is progressing in the right direction.
Mazey also announced that resolutions from the unions have been received and will be addressed during the annual general meeting (AGM) scheduled for Saturday. The financial report for 2023 will be presented at this meeting, where seven new board members are also set to be appointed.
This financial success not only reflects the resilience of the FRU but also sets a hopeful trajectory for future growth and stability within the organization.
The positive developments in the FRU’s financial health could inspire confidence among stakeholders and fans alike, fostering continued support and investment in Fiji’s rugby initiatives.
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