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VB Holdings Pre-Tax Six Monthly Profit Up 259%

VB Holdings Limited, with its core business of fleet and property management, has posted an unaudited pre-tax profit of $1 million for half year ended June 30, 2015. This is
31 Aug 2015 09:26
VB Holdings Pre-Tax Six Monthly Profit Up 259%

VB Holdings Limited, with its core business of fleet and property management, has posted an unaudited pre-tax profit of $1 million for half year ended June 30, 2015.

This is a 259 per cent increase compared to the previous corresponding period when $280,000 was recorded as pre-tax profit.

The company further recorded $3.8 million (unaudited) revenue for the six month period compared to $1.9 million posted for the previous year.

Therefore the total revenue grew by 104 per cent for the first half year of 2015 as against same period of 2014.

Company chief executive, Bob Niranjan, said with positive market conditions during the year, their property management division also showed growth.

He said this was 12.82 per cent (unaudited) when compared to the corresponding period last year.

The Fleet Management Division contributed 94 per cent (Unaudited), to the total business of the company.

Market capitalisation

Mr Niranjan said it was also encouraging to see with recent share price increase to a record of $3.30, the market capitalisation of the Company was now $7.05 million.

“We thank our shareholders and customers for their continued support and confidence in VB Holdings Ltd, in our 14th year since listing on the Stock Exchange and 69th year as a publically-owned company,” he said.

Feedback:  rachnal@fijisun.com.fj

 

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