FHL records decreased profit
Fijian Holding Limited (FHL) has reported a profit of $15.54 million after tax for the financial year ending June 20, 2008. This is $3.95 million decrease over the $19.48 million profit recorded for the same period last year, despite an increase in operating revenue. FHL reported operating revenue of $111.42 million during its 2008 financial year, an increase from the $94.8 million achieved the previous year. No information was available on the reason for the decreased profit given the substantial increase in its operating revenue. FHL Group chief executive officer Sereana Qoro could not be reached for comment, while FHL board chairman Isoa Kaloumaira has requested that queries be forwarded to his office before he can respond.