Fiji News From Around The World

Illustration of Financier makes $8.5m in 2024

Kontiki Finance: Big Profits and Bold Moves in 2024!

Spread the love

KONTIKI Finance Limited reported an after-tax profit of $8.5 million for the financial year ending June 30, 2024, as announced by chairman Barry Whiteside during their annual committee meeting on Wednesday. This impressive profit is attributed to strategic, transparent investments that have positioned the company for sustained growth and operational excellence.

Whiteside emphasized the company’s remarkable commitment to shareholder value, noting that Kontiki achieved a notable dividend yield of 6.07 percent, the highest on the South Pacific Stock Exchange. This achievement underscores their dedication to maximizing returns for their shareholders.

In his remarks, Whiteside also highlighted Kontiki’s expansion into Samoa, a strategic initiative that has incurred significant operational costs but has ultimately strengthened the company’s framework. With a new office located on the main street of Apia, Kontiki will become the first licensed credit institution to operate in Samoa, marking a historic milestone for the Fijian-based firm.

Additionally, Kontiki is making substantial investments in technology, having implemented a new core banking system valued at $8 million. This digital transformation aims to enhance the efficiency and accessibility of financial services in Fiji, while also improving credit reporting capabilities.

As Kontiki approaches its 10th anniversary, Whiteside signaled the need for a thorough review of the company’s strategic direction. The focus will remain on delivering exceptional shareholder value through sustainable growth, innovation, and an adaptability to evolving market conditions.

Sending a hopeful message, Kontiki’s leadership is steering the company towards a bright future filled with opportunities for growth and innovation, reflecting its commitment to excellence in the financial sector.

In summary, KONTIKI Finance Limited demonstrated strong financial performance and strategic growth initiatives, with a clear vision for the future as it approaches a significant milestone in its corporate journey.


Comments

Leave a comment

Latest News

Search the website