SUPERMARKET chain RB Patel Group has declared a final dividend of 3.5 cents per share, amounting to $5.25million to be paid by the end of this month.
This latest dividend declaration will bring the total dividends paid out for the financial year to 5.5 cents per share, amounting to $8.25m.
The public-listed company also reported a net profit after tax of $12m for the financial year ended June 30 this year.
It recorded increased revenues and other incomes to $190m, up by more than 4.5 per cent from $184m recorded last year.
The group also reported that profit from operating activities decreased by 1.4 per cent to $17.9m this year from $18.2m last year.
“Considering the continuing uncertainties in global and domestic market conditions, the large number of Fijians that have migrated, the competitive nature of the industry and the slow growth of Fiji’s economy, the company’s results are still very satisfactory,” company chairperson Kamal Haer said in their market announcement issued by the South Pacific Stock Exchange (SPX).
She said the supermarket industry continued to see intensive competitiveness with new stores and players entering the industry each year.
In addition to those factors, she added the cost of doing business in the country continued to increase.
“Our operating costs increased by 9 per cent over the last year with no increase in productivity.”
Ms Haer also acknowledged the positive impact of tourism growth driving the economic recovery for Fiji.
She cautioned, however, the many natural disasters related to climate change around the world, and the continuing Ukraine and Israeli wars that had caused disruptions to economic activities and had left most economies, Fiji’s included, still struggling to control inflation.
—
Note: This article was first published under the headline: $5.25m final dividend – Supermarket chain nets $12m profit despite ongoing uncertainties in Page14 of the print version of The Fiji Times dated Wednesday September 3, 2025
