Fijian Holdings Limited (FHL) announced an interim dividend of $4.113 million, consistent with its dividend policy and reflecting the company’s performance up to September 30, 2024.
Chairman Rokoseru Nabalarua expressed optimism about the company’s financial results from the first quarter, highlighting the achievement of budgeted dividend revenue supported by strong performances in the tourism, retail, and finance sectors.
FHL has maintained a stable outlook for the financial year ending June 2025 but remains cautious of possible slowdowns in emerging markets, geopolitical tensions, and overall market volatility. The company aims to optimize investments, tackle key issues within its subsidiaries—especially regarding cybersecurity—and ensure that its portfolio is both resilient and future-oriented.
The Group, which includes well-known entities such as 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 increase of 11 percent from $63.22 million in the same period the previous year. Key contributors to this profit were core subsidiaries like South Sea Cruises, RB Patel, and Merchant Finance.
In line with South Pacific Stock Exchange (SPX) regulations regarding dividend declarations, FHL’s shareholder registry will close on October 23, 2024, with dividends to be distributed to shareholders on October 31. The company will also conduct its annual general meeting in Lami on the same day.
FHL shares were last traded on the SPX at 97 cents each.