Fiji Time: 6:44 AM on Sunday 28 August

Fiji Times Logo

/ Front page / News

Group's positive performance pleases management

Luke Rawalai
Monday, August 11, 2014

FIJIAN Holdings Ltd expects to rake in revenue of about $300million by the end of its financial period next year.

This was revealed by the company's chief executive officer, Nouzab Fareed, in an interview adding the company had done extremely well during the past few months.

Mr Fareed said last year the company managed to collect revenue of about $290m.

He added the company's current asset values stood at $100m.

"We have been doing extremely well during the past few months and we're forecasting to achieve a total revenue of $300m but this is yet to be confirmed," he said.

"We are expected to officially release the results of our performance during the last financial year on August.

"At this point in time all I can say is that FHL and its group of companies are doing well."

Mr Fareed said RB Patel, Merchant Finance, Basic Industries, Fiji Industries and South Sea Cruises were performing well.

"However we have had to shift our focus on Fiji TV and our Papua New Guinea group of companies which we had issues with in the last 12 months," he said.

"Other than these two companies we are doing quite well. Our only concern this year was the performance of our PNG subsidiary, Pacific Holdings Ltd."

Mr Fareed also said Labasa would be included in the company's 30th anniversary event this year.

"We will hold these celebrations with a series of roadshows in Labasa on October before moving to Lautoka, Suva Nausori and Nadi too," he said.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.63900.6200
JPY 50.424247.4242
GBP 0.37370.3657
EUR 0.43830.4263
NZD 0.68420.6512
AUD 0.65260.6276
USD 0.49640.4794

from

$0.00

Exchange Rate updated on 26th August 2016

Today's Most Read Stories

  1. Veremalua gets help from Ryan on overseas contract
  2. Beggar braves the heat for festivity
  3. Apologies as fans seek Ryan
  4. Cost of living
  5. It's gold for all
  6. Nagusa clears the air
  7. Fijian family survives quake
  8. Impact of VAT cutback
  9. Firm takes action over mynah nuisance
  10. Crowd delights chief

Top Stories this Week

  1. Ardent fan escorted out of celebrations Sunday (21 Aug)
  2. God — is he dead? Maybe, but not Osea Kolinisau's Sunday (21 Aug)
  3. Wong helps Rawaca get a gold medal Friday (26 Aug)
  4. 1 charged, 2 under probe for break-in Thursday (25 Aug)
  5. Ryan confirms decision to leave Fiji Sunday (21 Aug)
  6. Taliga eyes Tokyo Tuesday (23 Aug)
  7. 5.1 magnitude earthquake occurs in Fiji Monday (22 Aug)
  8. 7s top job Tuesday (23 Aug)
  9. Veremalua gets help from Ryan on overseas contract Saturday (27 Aug)
  10. Police escort fan away Monday (22 Aug)