FIJIAN Holdings Ltd (FHL) has declared an interim dividend amounting to $4.113million based on the company’s performance to March 31, 2025.This, it stated in its announcement at the South Pacific Stock Exchange (SPX) yesterday, is in line with its dividend policy.
FHL chairman Rokoseru Nabalarua said the declaration has been made reflective of the strong cash generation at the holding company level despite some weaknesses in performance at group level.
“FHL Group’s forecast for the financial year ending June 30, 2025 remains a challenge, taking into account potential slowdowns in emerging markets, geopolitical tensions and market volatility,” Mr Nabalarua said.
“The nine-months result showed subdued performances from our key subsidiaries from the retail and financial services sector and lower than anticipated performances from the other investments in the construction and media sectors.
“FHL will continue to focus on investments that future-proof its core subsidiaries to ensure that they will generate sustainable value into the future.”
In accordance with SPX listing rules on dividend declarations and payment, the FHL shareholders registry will close on April 23 and the dividend will be paid out to its shareholders on April 30, 2025.
FHL has a total of 1756 shareholders last year, with the iTaukei Affairs Board, iTaukei Trust Fund Board, iTaukei Land Trust Board as its top three shareholders, who collectively hold around 71per cent of shares.
FHL is a restricted security on SPX and its shares are only available to iTaukei whose names appear in the iTaukei ethnic registry or vola-ni-kawa-bula.
FHL shares last traded at 99 cents a share when this edition went to press.
NOTE: This article was first published in the print edition of the Fiji Times dated April 2, 2025.
