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Communications Fiji Ltd Announces 1st Interim Dividend

Communications Fiji Ltd (CFL), on Tuesday, announced the Group has recorded another very strong performance in the first half of its current financial year as at June 30, 2018. CFL
23 Aug 2018 13:23
Communications Fiji Ltd Announces 1st Interim Dividend

Communications Fiji Ltd (CFL), on Tuesday, announced the Group has recorded another very strong performance in the first half of its current financial year as at June 30, 2018.

CFL delivered a profit after tax of $965,796 (2017- $1,205,1 70) for the half year.
  “Shareholders will recall that last year’s result included the sale of our shares in iPAC Communications Ltd ($659,371), CFL chairman William Parkinson said.
  “After removing this unusual item the CFL Group after tax profits are in fact 76 per cent ahead of this time last year.”
  CFL’s 100 per cent subsidiary PNG FM Ltd contributed significantly recording a pretax profit of K$697,201 (FJ$443,749.38) (2017- FJ$78,277.86) for the first six months.
  “Last year was a tough year with elections held mid-year.

“The PNG FM team has delivered an excellent result, despite continued challenging economic conditions”, said Mr Parkinson.
  CFL’s Fiji operations delivered growth of 7.2 per cent after tax for the first half of the year.
  The board announced an interim dividend of eight cents per share.
  Shares will go ex-benefit on August 31 and the registry will close on September 11 and the dividend will be paid out on September 19, 2018.




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