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Miller records surplus, reinvests earnings

Salaseini Moceiwai
Saturday, May 10, 2014

REWA Rice Limited has recorded a surplus and invested about $264,500 from its normal cash flow to finance some internal purchases over the past 10 months.

In an interview in Labasa this week, company mill manager Ashrit Pratap said the allocation included the maintenance of the Dreketi mill, purchase of a new mill generator and a company vehicle and their loan repayment to FDB.

"For the mill, we spent about $71,500 and another $72,000 to buy the new generator," he said.

"We bought the new company vehicle for $62,000 and the loan repayment to FDB was $50,000. We also did some repair works in one of our properties in Nausori and this cost us about $11,000."

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