$432K television profit

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WAF chief executive officer Dr Amit Chanan and Fiji Television Limited’s Acting General Manager, Ms Poonam Nandani sign the three-year agreement for the rental of the Nakobalevu repeater station. Picture: WAF/FB

Fiji Television Ltd has recorded a profit of $423,103 for the six months to December 31, 2023.

Compared to the corresponding period in its 2022 financial year, the company’s profit dropped by 31 per cent from the $616,989.

The publicly-listed company also recorded a total turnover of $3.7m as at December 2023 compared to $4.0m as at December 2022.

“Despite encountering hurdles in the market, we have managed to remain resilient and navigate through the uncertainties with a prudent approach,” Fiji TV stated.

“Our dedicated efforts have resulted in achieving a profit that is in alignment with our strategic goals, albeit slightly below our budgeted expectations.”

The company said it would continue to execute its strategic initiatives with diligence and agility as it moved forward into the second half of the fiscal year.

“We remain confident in our ability to overcome challenges and capitalise on opportunities that lie ahead.”

It also acknowledged the support of shareholders whose trust it said inspired its team to strive for excellence and deliver sustainable value over the long term.

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