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Thursday, June 07, 2007

RB Patel Group registers a profit

The RB Patel Group Limited, a company listed on the South Pacific Stock Exchange in Suva, Fiji, recorded a profit after tax of F$3.4 million over its financial year ended 31 March 2007 - an increase of a little over 16% compared to the previous year.

Group revenue rose to F$71.7 million, an increase of around 4% compared to its 2006 financial year.

Given that it operates in the supermarket industry, the company said that this somehow protected it after the Reserve Bank of Fiji tightened monetary policy.

The company will continue to look for growth opportunities and open new stores.

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