Pleass Global Ltd (PBP), a leading water bottler located in Namosi, Fiji, has announced remarkable financial results for the fiscal year ending December 31, 2024. The company reported a net profit after tax of $5.819 million, reflecting a 14 percent increase from the previous year. This underscores PBP’s ability to thrive amidst the challenges facing the manufacturing sector in Fiji. Additionally, PBP saw a 20 percent surge in operating revenue, which reached $26.395 million in 2024, up from $21.943 million in 2023.
In recognition of its strong performance, the board declared a final interim dividend of 11 cents per share. This comes on top of a previously issued dividend of five cents per share distributed in August 2023, bringing the total dividend payout for the year to an impressive 16 cents per share, up from 10 cents the previous year.
Chairman Warwick Pleass praised the management team’s efforts in navigating challenges and optimizing operations for better profitability. He remarked, “2024 was another year in our continued growth,” and expressed optimism for the future, highlighting strong sales forecasts and ongoing initiatives aimed at further operational efficiencies.
Supported by a robust brand portfolio that includes VaiWai® Natural Artesian Water and AquaSafe® Natural Artesian Water, Pleass Global Ltd achieved a gross profit of $17.61 million in 2024, a substantial increase from $14.254 million in 2023. This performance, along with a 14 percent rise in net profit when adjusted for investment property value changes and one-off tax benefits, illustrates the company’s proactive approach to enhancing its financial standing.
Currently, PBP shares are trading at $7.94 each, signaling strong investor confidence in the company’s financial health and growth prospects. Pleass Global Ltd’s strategic investments and increasing dividend payouts are a testament to its commitment to enhancing shareholder value while adapting to market dynamics.
The optimistic financial results paint a clear picture of Pleass Global Ltd’s readiness to meet future market demands while rewarding stakeholders, indicating a strong foundation for continued success.
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