KONTIKI Finance Limited reported an impressive after-tax profit of $8.5 million for the financial year ending June 30, 2024. This announcement was made by the company chairman, Barry Whiteside, during their annual committee meeting.
Mr. Whiteside attributed the profit to transparent and foundational investments that have enabled Kontiki to achieve sustained growth and operational excellence. He emphasized a significant achievement for shareholders: the company has attained the highest dividend yield on the South Pacific Stock Exchange, reaching 6.07 percent. This reflects their strong commitment to enhancing shareholder value.
He also discussed Kontiki’s strategic expansion into Samoa, which is expected to generate substantial operational advantages and fortify the company’s business framework. Kontiki will be the first licensed credit institution to operate in Samoa, with its new office conveniently situated on the main street in Apia.
Moreover, the chairman highlighted the company’s significant investment of $8 million in a new core banking system. This digital transformation is designed to provide more efficient and accessible financial services in Fiji while improving credit reporting capabilities and operational efficiency.
As the company approaches its 10th anniversary, Mr. Whiteside mentioned the importance of reviewing their strategic direction. The strategic plan focuses on delivering exceptional value to shareholders through sustainable growth, fostering an innovative environment, and remaining adaptable to changing market conditions.
This report indicates a promising future for KONTIKI Finance Limited, showcasing their strong financial performance and commitment to expansion and technological advancement. The company’s focus on shareholder value and innovation suggests an optimistic trajectory moving forward.
In summary, KONTIKI Finance Limited not only achieved remarkable profits this year but is also setting the stage for continuous growth and adaptability in the evolving financial landscape.
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