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Fiji Time: 2:48 AM on Friday 24 May

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$2.79m payout

Geraldine Panapasa
Thursday, October 04, 2012

FIJIAN Holdings Limited has declared $2.79million as the second interim dividend to be paid to company shareholders for the year ending June 30, 2012.

This, according to a statement, would bring the total dividend declared for the year to $5.59m.

The A class shareholders will be paid out $1.04m, maintaining the current dividend rate of $0.10 per A class share.

"Conversely B class shareholders will be paid a dividend of $1.75m maintaining the current dividend rate of $0.0975 per B class share," the statement said.

"Overall the total annual dividend rate paid to FHL shareholders for the year 2012 would be $0.20 per A class share and $0.175 per B class share respectively."

The FHL shareholders register will close on October 23 with dividends expected to be paid out on October 31.

The company said revenue had increased slightly this year compared to previous years as a result of an improved performance of the major investments.

Expenses for the year had also increased because of the write-down of investments and provision of doubtful debts.