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Fiji Time: 8:39 PM on Thursday 24 April

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TLTB hot on $50m mark

Repeka Nasiko
Thursday, November 15, 2012

THE iTaukei Land Trust Board's financial performance for 2012 has bee]n very positive, said general manager Alipate Qetaki.

He said this while revealing the company was about to hit the $50million mark in revenue by the end of the year.

Mr Qetaki said the achievement would be a great improvement compared to previous years.

"We've been averaging about $40million for the past three years but this year, I think by the end of this year, we should be hitting the $50million mark. In terms of financial performance, we are doing very well," Mr Qetaki said.

He said one of the reasons TLTB was doing well was because of the implementation of new technology for better co-ordination and efficiency in managing land leases.

"We have certainly put forward strategies, improved performance and productivity, improved innovation and quality into our systems and our processes." He said with greater use of technology the TLTB had become efficient and a "world-class land management organisation".

Mr Qetaki said revenue gained from land leases would in turn be given back to each landowner.

TLTB was one of the recipients of the 2012 Achievement in Business Excellence Award which was handed out to five companies during the Fiji Business Excellence Awards held in Nadi last Saturday.