Fijian Holdings Limited (FHL) recently celebrated its 40th anniversary at a special event held at the RB Convention Centre in Lami. This significant milestone honored the company’s rich history and recognized the contributions of its founders and stakeholders in promoting greater participation of iTaukei people in the corporate sector.
The celebration followed the Group’s Annual General Meeting for 2024, where Group CEO Jaoji Koroi reflected on the company’s journey over the past four decades. He acknowledged key figures in FHL’s establishment, including the Great Council of Chiefs, the late Ratu Sir Kamisese Mara, and former managing director the late Laisenia Qarase.
Koroi highlighted the Group’s impressive financial performance in the 2024 fiscal year. FHL’s total assets have surpassed $700 million, net assets are valued at $323 million, and profit reached a record $70 million. To date, the company has distributed over $130 million to shareholders in dividends.
Koroi emphasized how shareholders from the beginning have benefited significantly from their investments. However, he also identified a challenge ahead: to extend efforts beyond the current shareholder base and empower the iTaukei resource owners through newly announced strategies.
This anniversary not only reflects FHL’s past successes but also sets a hopeful tone for the future, focusing on inclusivity and empowerment within the local community. FHL’s commitment to supporting iTaukei people and fostering growth in the corporate sector is a promising indication of positive change ahead.
In summary, FHL’s 40th anniversary celebration served as a tribute to its legacy, strong financial performance, and a renewed commitment towards community empowerment and inclusiveness.
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