Fijian Holdings Limited has declared an interim dividend of $4.113 million, aligning with its dividend policy and reflecting 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, as the company met its budgeted dividend revenue, driven by strong performances in its tourism, retail, and finance investments.
The company communicated at the South Pacific Stock Exchange (SPX) that its forecast for the financial year ending June 2025 remains stable, despite potential risks such as slowdowns in emerging markets, geopolitical tensions, and market volatility. FHL aims to enhance its investment strategies, address key challenges within its subsidiaries—including cybersecurity—and ensure a resilient and future-focused portfolio.
The Group, which owns notable companies like Merchant Finance, RB Patel, Standard Concrete, and Fiji Television Ltd, reported a net profit before tax of $70.14 million for the financial year ending June 30, 2024, marking an 11% increase from $63.22 million during the same timeframe last year. The profit was primarily driven by strong performances from its core subsidiaries: South Sea Cruises, RB Patel, and Merchant Finance.
In accordance with SPX listing rules regarding dividend declarations, the shareholders registry for FHL will close on October 23, 2024, with dividends scheduled to be distributed on October 31. Additionally, the company plans to hold its annual general meeting in Lami on October 31. FHL shares were last traded on SPX at 97 cents each.