Media and broadcast network Communications Fiji Ltd recorded a profit after tax of $425,321 for the first six months ended June 30 this year.
The group had recorded profit after tax of $914,752 for the first six months of 2025.
The group had recorded profit before tax of $545,232 for that period compared to $1,056,428 recorded for the corresponding period last year.
Company chair William Parkinson said the group continued to maintain a solid operating position, with total operating revenue increasing to $7.52m, compared to $7.25m for the same period last year.
“The difference in group profitability compared to the corresponding period last year is largely attributable to the non-cash appreciation expense on the FM Haus property, which was not captured in the first six months of 2025, together with the impact of the weakening Papua New Guinea Kina on the group’s reported results,” Mr Parkinson said.
He said operationally, the group continued to see encouraging momentum – and alluded to the record turnout for the Fiji Showcase, the improvement in revenue performance by PNGFM, and the positive momentum seen in the business.
“The group remains focused on building on this momentum across both Fiji and Papua New Guinea during the second half of the year.”
Meanwhile, the company board had declared an interim dividend of six cents a share.
The shares will trade ex-benefit on September 11 this year, with a record date of September 16 and payment on September 24.
