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%.
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