24 Mar 2005

Fiji TV makes over 3 million US profit

6:45 am on 24 March 2005

Fiji Television Ltd made a trading profit of over 3 million US dollars for the six months ending December 31, 2004.

The company released its half-year financial statements to the South Pacific Stock Exchange last week.

According to the report, Fiji TV made a turnover of close to 5 million US dollars in the six months compared to almost 4 million for the same period in 2003.

The company's net profit was over 1 million US dollars, compared to

1-point-3 million in 2003.

Meanwhile, the company also announced Arvin Datt, Fiji TV's financial controller, as the company secretary of its board of directors.

He replaces Mesake Nawari, who has been acting in the position since September.

Nawari is the television company's chief executive designate.