Fijian Holdings Limited (FHL) recently celebrated its 40th anniversary with a special event held at the RB Convention Centre in Lami. This significant milestone recognizes the company’s journey and contributions in fostering greater participation of iTaukei people in the corporate sector.
The celebration followed the Group’s Annual General Meeting for 2024, allowing attendees to reflect on four decades of FHL’s history. Group CEO Jaoji Koroi emphasized the importance of acknowledging the pioneers who contributed to the establishment of the organization, mentioning influential figures such as the late Ratu Sir Kamisese Mara and former managing director the late Laisenia Qarase.
During the event, Mr. Koroi highlighted notable achievements from the 2024 financial year, indicating robust growth in the company’s finances, with total assets surpassing $700 million, net assets at $323 million, and a record profit of $70 million. Additionally, FHL has distributed over $130 million in dividends to shareholders over the years, indicating successful returns on investments.
He also noted the significance of looking beyond just the shareholders, aiming to empower iTaukei resource owners through various strategies outlined in the company’s future plans. This vision for inclusivity shows FHL’s commitment to its foundational principles and the economic empowerment of its community.
These efforts reflect a sustainable business model that not only benefits shareholders but also aims to uplift the broader community, symbolizing a hopeful future for continued growth and corporate responsibility in Fiji.
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