3 Nov 2005

Fijian Holdings Limited announces record profit

8:25 am on 3 November 2005

The wholly indigenous company, Fijian Holdings Limited, has announced its highest profit ever in the 12 months ending in June this year.

The company record an after tax profit of US$2.9 million, up from US$2.5 million in the previous financial year.

The company chairman, Lyle Cupit, says it was Fijian Holdings' best operating results ever, underpinned by strong performances in its key sectors.

These include its cement manufacturing subsidiary, Fiji Industries, and concrete products subsidiary, Standard Concrete, which have performed exceptionally well because of the boom in the construction of many large commercial buildings and hotels.