Company profits up

Pleass Global Ltd chairman Warwick Pleass at their AGM in Namosi earlier this year. Picture: JONA KONATACI

THE first half of the year proved to be an exciting and rewarding period for Pleass Global Ltd with the company recording a net profit of $471,005.

Pleass Global Ltd released its half year to June 2018 financial statements through the South Pacific Stock Exchange showed that the company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) was $1,113,269 for the first six months of 2018 (the corresponding period in 2017 was $827,519).

Company chairman Warwick Pleass said they had settled into their new facilities and welcomed many visitors to develop their relationships and make the Fiji business community aware of the “new Pleass Global”.

“In the face of challenging conditions, we have achieved double digit percentage growth. “However, meeting profit budgets has been challenging.

“I am pleased with our performance in this economic environment given the higher overheads that come with our new facility, as we ramp up production in line with sales.

“The board shares my optimism for a strong finish to 2018 and continuing strong growth in the next three years.”

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