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Friday, March 02, 2007

Fiji TV records lower profits for half year

Fiji TV, a company listed on the South Pacific Stock Exchange, has reported a fall in profits for the first half of its current financial year. Profits are tax fell to F$1.5 million for the half year ended 31 December 2006. This compares with a profit after tax of F$2.3 million recorded in the same period the previous year.

The company gave the reason for its lower performance as "due to the downturn in overall business [a result of] the political instability and the events of December 5, 2006 .......". The company said as a result the company expects its revenue for the next six months is to fall by 8.5%.

Note : Fiji residents that require investment advice can use our company, Gilbert & Samuels Company Limited. Our principal, Gilbert Veisamasama Jr, is licensed as an Investment Advisor by the Capital Markets Development Authority (of Fiji). Our contacts are : e-mail gilbert@connect.com.fj and telephone (679) 3396427.

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