THE RB Patel Group (RBG) recorded a profit of $5.1 million for the financial year ending, June 30, 2012.
The company's financials released to the South Pacific Stock Exchange revealed that this was an increase of over $200,000 when compared to the 2011 financial year.
In the last financial year, the company recorded a profit of $4.8m.
Total revenue earned by the group in the 2012 financial year was $93.6m while the cost of sales was $76.6m.
For the 2011 financial year, the revenue was $92.9m with cost of sales being $75.3m.
Other income in 2012 totalled $1.89m.
According to the report, dividends paid out would be 14 cents.
Management fees for the year was $2.6m and paid out to FHL Retailing Ltd, which had retained the RB Patel family members as consultants on the operations of the supermarket chain.
During the year, the company suffered a $362,045 loss because of the western floods in March.
"As the areas in the western division of Viti Levu are regularly prone to flooding, insurance companies generally do not extend full flood cover.
"The company has a limited insurance coverage and accordingly has recognised insurance claim receivable," the report said.
The other significant event for the company was the completion of the HarbourPoint Complex in Lami. It began operations in March and was built at a cost of $4.38m with funding from ANZ.
The company also sold its property in Waimanu Rd in Suva and is now leasing it from the buyer.
For the future, the company is evaluating the development of a cinema multiplex at its JetPoint Complex in Nadi. A feasibility study had been undertaken and negotiations are currently in progress on the operation and management of the cinemas.