In a statement issued today, Fijian Holdings Limited announced that it has achieved a Group Consolidated revenue of $213m and pre-tax profit of $55m for the June 2009 financial year, the highest in its 25 years history as a company. 

In making the announcement, FHL Chairman Mr Isoa Kaloumaira said, “We are pleased that the Group has achieved an all time record profit in the midst of a very challenging domestic and international business environment.”  Mr Kaloumaira added that “While the divestment of our shares in Fosters Group contributed significantly to the record profit, we are encouraged by the continuing strong performance demonstrated by the subsidiary companies.” 

FHL investments in the Finance, Retail, Property and Building and Construction sectors performed very well proving their resilience and the ability to withstand tough economic conditions. “In fact, if we excluded the profit on sale of Fosters shares, FHL Group would still record a higher profit than last year, which reflects the positive performance by subsidiary companies,"  Mr Kaloumaira said. 

Mr Kaloumaira further added, “FHL is an investment company and as such it will continue to assess its investment portfolio and selectively invest in sectors that will deliver sustainable returns to the company and its shareholders.” 

This year 2009, marks the 25th Anniversary of FHL as a company. The FHL Chairman said, “To mark the Silver Jubilee year and given the extra-ordinary record pre-tax profit of $55m which is more than double the last record set in 2006, the FHL Board had resolved and approved a special dividend payment to the shareholders. Details of the special dividend payout will be formally announced at the appropriate time.” 

In conclusion the Chairman added “The FHL Board and management will continue to focus on its core objective of creating sustainable value through its investments in order to deliver consistent dividend returns to our shareholders.” 


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