Fijian Holdings Limited yesterday announced the declaration of an interim dividend totalling $4.113million, in line with its dividend policy and based on company performance to September 30, 2024.
FHL Group chairman Rokoseru Nabalarua said the financial results for the first three months was encouraging, with FHL achieving its budgeted dividend revenue following strong performances by its investments in tourism and those in the retail and the finance sectors.
“FHL Group’s forecast for the financial year ending June 2025 remains stable, while being aware of potential slowdowns in emerging markets, geopolitical tensions, and market volatility,” the company announced at the South Pacific Stock Exchange (SPX).
“FHL will continue to focus on optimising investments, addressing key issues within its subsidiaries, including cybersecurity, and ensuring its portfolio is resilient and forward-looking.”
The Group, which has in its ownership portfolio a diverse list of well-known companies such as Merchant Finance, RB Patel, Standard Concrete and Fiji Television Ltd, released its financial results last month for the financial year ended June 30, 2024, where it recorded a net profit before tax of $70.14million, an increase of 11 per cent from $63.22 million during the same period last year.
Key contributors to the profit were attributed to strong performance from core subsidiaries — South Sea Cruises, RB Patel, and Merchant Finance.
In accordance with the SPX listing rules on dividend declaration and payments, the FHL shareholders registry will close on October 23, 2024 and the dividend will be paid out to its shareholders on October 31.
The company will hold its annual general meeting in Lami on October 31.
FHL shares last traded on SPX at 97cents a share.
