June 22, 2013

Fiji TV makes profit

Geraldine Panapasa
Saturday, June 22, 2013

Fiji TV Group announced its unaudited profit after tax of $3.18 million for the 11 months ending May 31 this year.

In a statement, the company noted a dividend payout of $0.09 per share or about $927,000 from its present year financial unaudited operating profits. The unaudited net profit after tax of $3.18m was less than the previous financial year's unaudited result of $4.30m. "The company is pleased to declare $0.09 per share dividend for its shareholders. This brings the total dividend for the financial year to $0.16 which is $0.01 more than last year," said company chairman Padam Lala.

Meanwhile, the company noted income from other sources totalled more than $1.35m, a decrease from $1.99m for the previous corresponding financial year. Gross profit totalled more than $23.88m compared to $22.01m for the financial period ending May 31, 2012.

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