Fijian Holdings Limited (FHL) has recorded its highest profit after tax of F$16.9 million for its financial year ended 30 June 2006. This compares with F$12.4 million made for the 2005 financial year.
The result this year was driven by revenue growth of 26% which was mainly attributed to good performance by Fiji Industries Limited and Basic Industries Limited - two subsidiaries of FHL which operate in the booming construction sector.
Basic Industries was the key performer for the group and contributed its highest profit after tax to date of F$5.5 million.
Fiji Industries Limited enjoyed its first full year of operation under a new production process which helped the company achieve a 12% growth in cement production.
The group's investment portfolio also grew (by 114%).
Fijian Holdings shares are traded on the South Pacific Stock Exchange.
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