Fijian Holdings Limited announced an interim dividend of $4.113 million, reflecting its dividend policy and the company’s performance up to September 30, 2024. FHL Group chairman Rokoseru Nabalarua noted that the financial results for the first quarter were promising, with the company meeting its projected dividend revenue due to strong performances in the tourism, retail, and finance sectors.
The company stated that its outlook for the financial year ending June 2025 remains stable, while also acknowledging potential challenges related to slowdowns in emerging markets, geopolitical tensions, and market volatility. FHL plans to concentrate on optimizing investments, addressing critical issues within its subsidiaries—such as cybersecurity—and ensuring its portfolio is both resilient and future-oriented.
FHL’s ownership portfolio includes prominent companies like Merchant Finance, RB Patel, Standard Concrete, and Fiji Television Ltd. The group recently reported a net profit before tax of $70.14 million for the financial year ending June 30, 2024, marking an 11 percent increase from $63.22 million in the previous year. Key contributions to this profit were driven by strong performances from its core subsidiaries, including South Sea Cruises, RB Patel, and Merchant Finance.
In line with the South Pacific Stock Exchange (SPX) regulations regarding dividend declarations and payments, FHL’s shareholders registry will close on October 23, 2024, with dividends distributed on October 31. The company is also scheduled to hold its annual general meeting in Lami on October 31. FHL shares were last traded on SPX at 97 cents per share.