THE VB Holdings Ltd with its core business of fleet management and property management, recorded revenue of $1.4m at the end of last month.
The company however is anticipating more opportunities in the next few years with tourism, mining and other investment projects kicking off.
The net profit before taxation for this six month period was $598,590 compared to $405,185, which is a 48 per cent increase over the same period last year.
The company's financial report revealed that net assets had increased from $4.2m as at June 30 last year to $4.9m at the end of June 30 this year.
Company's properties were recently valued, showing a $1.5m increase in the market value of properties held, which had not been booked on the balance sheet, as at June 30 this year.
VB Holdings Ltd has announced an interim dividend of six cents per share, for the first half year period to June 30m, 2012.
The company said although it was a small boutique company, the growth over the last 11 years had been consistent and the profit for the company had been improving each year, because of improvements in its cost reduction program and improvements in market conditions.
VB Holdings' board believes that there would be more activities in the upcoming year as Fiji's economy had shown improvements in preceding months.
The tourism market and capital development is also expected to strengthen in the second half of 2012.
"The property management division kept to the same trend as compared with prior year and we are hopeful of improvements in occupancy in future.
"The Fleet Management division has showed improvement of 11 per cent compared to the same period last year with new leasing contracts being entered into. VBH believes that with the recent announcements of infrastructural developments and mining activity, there will be more business activity in the next 12-24 months," a company statement said.