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Fiji Time: 11:18 AM on Saturday 19 April

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Timely second dividend

Timoci Vula
Saturday, December 29, 2012

ONE of the country's big media players has made attributions to strong growth in its Fiji and Papua New Guinea operations.

Communications Fiji Ltd (CFM) made this reference after it announced its 'timely' issue of its second interim dividend.

In the market announcement from the South Pacific Stock Exchange (SPSE), it stated CFM would issue the dividend at 6 cents per share.

It stated the 6 per cent now brought dividends paid out so far for the 2012 financial year ending December 31 to 12 cents per share.

Last year, the broadcasting organisation paid out 10 cents per share in interim dividend. "The additional interim dividend reflected strong results for the year so far with strong growth recorded in Papua New Guinea and a much improved performance in the second half of the year from the company's Fiji-based profit centres," CFM chairman Matt Wilson said.

"Once we receive final audited results in March for the current financial year, we will review dividends once again with the aim to pay out a further final dividend in early April," Mr Wilson said.

The SPSE stated that CFM's shares would go ex-benefit on January 8.

It further stated that the registry wold close eight days later from then, and dividends to be paid out on January 24 next year.