30 Aug 2002

Fiji TV reports record profit

11:11 am on 30 August 2002

Fiji Television Limited has announced its highest ever profit of 1.25 million US dollars for the financial year ending in June this year.

The company says the figure represents a 184 percent increase over the results for the previous financial year.

Advertising revenue increased by over 35 percent and subscription for pay television channels by over 32 percent.

Fiji TV's board has agreed to pay a third interim dividend of five cents per share.

That makes a total of 15 cents per share which gives a return of 9 percent on the current market shares.