KONTIKI Finance Limited reported an impressive after-tax profit of $8.5 million for the financial year ending June 30, 2024, as announced by the company’s chairman, Barry Whiteside, during their recent annual committee meeting. This notable achievement is attributed to a series of transparent investments that have positioned Kontiki for sustained growth and operational excellence.
Mr. Whiteside emphasized the significance of this profit for shareholders, highlighting that the company has achieved the highest dividend yield on the South Pacific Stock Exchange, standing at an impressive 6.07%. This reflects Kontiki’s steadfast commitment to delivering value to its shareholders.
The chairman also discussed Kontiki’s strategic expansion into Samoa, indicating that this move, while generating considerable operational costs, is poised to strengthen the company’s business framework. The new office in Samoa will mark Kontiki as the first licensed credit institution in the region, strategically located on the main street of Apia, providing a solid foothold in the overseas market.
In a significant technological advancement, Kontiki has invested $8 million in a new core banking system. This digital transformation aims to enhance the efficiency and accessibility of financial services in Fiji, while also improving credit reporting capabilities and operational efficiency. Mr. Whiteside noted that the successful implementation of this project demonstrates Kontiki’s project management proficiency and dedication to technological excellence.
As the company approaches its 10th anniversary, he recognized the importance of a comprehensive review of its strategic direction. The new strategic plan is focused on delivering exceptional value to shareholders through sustainable growth, nurturing an innovative environment, and maintaining flexibility to adapt to changing market conditions.
This positive outlook for KONTIKI Finance Limited underscores their commitment to innovation, community expansion, and shareholder value, setting a solid foundation for continued success in the future.
In summary, KONTIKI Finance Limited is well-positioned for ongoing growth and operational excellence, backed by its recent financial performance and strategic initiatives.
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