In a statement issued to the market today, Fijian Holdings Limited announced an unaudited Net Profit before tax of $12.7m for the six months ending December 2008, which is 2% higher than December 2007. As a listed company with South Pacific Stock Exchange, a report of unaudited half yearly results is required.

The Managing Director of Fijian Holdings, Mrs. Sereana Qoro said that the significant increase in revenue is a direct result of the contribution from RB Patel Group which was not there during the same period last year.

Although revenue increased signiftcantly by 62% as a result of the inclusion of RB Patel, the slight increase in Net Profit by 2% reflects the comparatively low profit margin level that is prevalent in the retail industry.

The strategic move into the Pacific by subsidiaries in the Building and Construction sector continues to generate positive results for exports.

In making the announcement, Mrs. Qoro said that despite the challenging business environment, the future forecast for the next 6 months looks positive and FHL anticipates another year of growth and strong performance for 2009.