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Tuesday, October 02, 2007

Fiji TV profits fall

The Fiji Television Group's profits after tax fell to $856,903 for the year ended 30 June 2007 compared to F$3.6 million recorded in the 2006 financial year.

The Group said that its financial results were impacted by the overall reduction in revenue for its Fiji operations and an increase in programming and satellite delivery costs across the Group.

The Group's revenue, however, had risen by 12.5% to F$24.5 million compared to its 2006 financial year but had been 24.3% below budget.

The Group includes Fiji Television Limited, Communications Pacific Limited and Media Niugini Limited at Papua New Guinea.

Fiji Television Limited is listed on the South Pacific Stock Exchange.

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