VISION Investments Ltd (VIL), parent company of Courts, Vision Motors, Mahogany Industries Fiji and Vision Finance, announced a group revenue of $223.5million for its financial year ended March 31, 2025, representing a 12.2 percent increaseover the previous year.
The company released its annual report for the year on the South Pacific Stock Exchange where it is listed.
In his message to shareholders, Group chairman Navin Patel said the retail sector was experiencing saturation, limiting growth opportunities.
“The Group will continue to focus on diversification and expansion in services and products, while optimizing returns from existing operations,” he said.
Reduced profit margins due to a number of factors including higher operating costs from mandated wage increases, FNPF contribution adjustments to 10 percent, general inflation and increased rental expenses resulted in a pre-tax profit of $20.3million, a 12 percent drop compared to the previous year.
“Reviews of business and operating processes are ongoing to improve efficiency and productivity, including consideration of workforce multi-skilling and implementation of technology and AI to offset increases in costs,” Mr Patel said.
Vision Group chief executive officer Sanjesh Prasad said all business units of the Group delivered satisfactory results during the financial year.
“Retail business segment experienced modest growth amid subdued consumer demand, while the automotive division posted a strong year-on-year performance,” he said.
