On September 2, RB Patel Group Limited announced a final dividend of 3.5 cents per share, amounting to a total of $5,250,000, which is scheduled to be paid by October 1.
This announcement brings the total dividends for the fiscal year to 5.5 cents per share, totaling $8.25 million.
The company’s audited financial statements for the year ending June 30 report an 8.4% increase in revenue to $184 million, a 16% rise in operating profit to $18.2 million, and a 62.2% increase in net profit after tax to $12.5 million, despite facing higher tax rates.
Kamal Haer, the company’s Chairperson, emphasized that this dividend is the highest since the company’s listing, excluding the previous year’s exceptional dividend. She also noted the company’s recent property acquisitions aimed at future developments.
Haer recognized the competitiveness of the supermarket sector and highlighted the favorable impact of tourism on Fiji’s economic recovery while expressing concerns regarding global economic disruptions and climate-related natural disasters.
The final dividend is subject to necessary approvals and adheres to relevant regulations.