Kontiki Finance Limited, a locally-owned financial institution, has announced another strong quarter, with expectations for ongoing growth as the economy improves, as stated by chairman Barry Whiteside.
“We are pleased to report another strong quarter of growth, with our interest income and net interest income both showing significant increases,” he remarked.
“This performance reinforces KFL’s position as a leader in the market, and we remain optimistic about continued growth as the Fijian economy strengthens.”
The robust performance was driven by profit retention, an uptick in income interest, and a positive trend in financial assets.
Interest income surged by 29 percent to $11.7 million, while net interest income grew by 42 percent to $9.8 million, when compared to the same period last year, Mr. Whiteside noted.
Retained profit also increased by 10 percent, reaching $28.7 million, with comprehensive income growing by four percent to $2.7 million.
Kontiki’s financial assets rose from $75 million to $81 million, with assets under management now surpassing $300 million.
Total shareholders’ funds grew by seven percent, reaching $44.3 million, compared to $41.3 million the previous year.
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