Fijian Holdings Limited has declared an interim dividend amounting to $4.113 million, aligning with its established dividend policy and reflecting the company’s performance up to September 30, 2024.
Chairman Rokoseru Nabalarua noted that the financial results for the first quarter were promising, with the company meeting its anticipated dividend revenue due to strong performances from its investments in tourism, retail, and finance.
The company indicated that its outlook for the fiscal year ending June 2025 remains stable, while it is mindful of potential slowdowns in emerging markets, geopolitical tensions, and fluctuations in the market. FHL intends to continue optimizing its investments, addressing critical issues within its subsidiaries, such as cybersecurity, and ensuring a resilient and future-oriented portfolio.
FHL’s ownership comprises several well-known firms, including Merchant Finance, RB Patel, Standard Concrete, and Fiji Television Ltd. Recently, the group announced financial results for the fiscal year ending June 30, 2024, revealing a pre-tax net profit of $70.14 million, marking an 11 percent increase from $63.22 million in the same period the previous year. The profit surge was primarily driven by robust performances from its core subsidiaries: South Sea Cruises, RB Patel, and Merchant Finance.
In compliance with SPX listing regulations concerning dividend declarations and payments, the FHL shareholders registry will close on October 23, 2024, with dividends to be distributed to shareholders on October 31. The company is scheduled to conduct its annual general meeting in Lami on the same day.
Currently, FHL shares are trading at 97 cents each on the South Pacific Stock Exchange.