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Kontiki Finance To List On Stock Exchange From Next Month

Kontiki Finance Limited (KFL) is pleased to announce that it will list on the South Pacific Stock Exchange (SPSE) on Wednesday, July 4. The listing provides an opportunity for investors
28 Jun 2018 14:38
Kontiki Finance To List On Stock Exchange From Next Month

Kontiki Finance Limited (KFL) is pleased to announce that it will list on the South Pacific Stock Exchange (SPSE) on Wednesday, July 4.

The listing provides an opportunity for investors to be part of the success of one of the country’s fastest growing businesses.

KFL provides accessible and flexible finance solutions targeted mainly at consumers and small-to-medium enterprises (SMEs).

The company’s key products include debt consolidation, financing personal loans, financing of new and used motor vehicles, white goods, brown goods, furniture, and technology products.

KFL also offers term deposits for investors.

The company says it pays some of the most competitive deposit rates in the market, as well as offering a range of insurance products.

“Since opening its doors to customers in March 2015, KFL has enjoyed strong growth thanks to its accessible, customer driven approach and an experienced leadership team and Board,” KFL said in a press statement.

“It now has over $140m in assets under management.”

According to the company’s Information Memorandum for investors, it is tracking ahead of its target Net Profit After Tax of $5.1m for the financial year ending June 31, 2018.

This is a 64 per cent increase on the previous year’s profit, KFL says.

“Our team has bought a much more friendly, professional and customer focused to financing in Fiji, and the Fiji public and business community have responded,” says KFL Board Chairman Daryl Tarte.

“Our senior team’s experience in this sector is second to none and we expect our strong growth to continue in the future.”

With offices in Suva, Lautoka and Labasa, KFL has also shown a strong willingness to get involved in the communities in which it does business. The long list of groups and activities it supports includes police football and netball, lawn bowls, the Fiji Surfing Association, the Queen Victoria Old Boys Rugby team and Walk on Walk Strong Kids Fiji.

KFL’s Facebook page has also built up a strong following with its wealth of financial advice and tips aimed and improving financial literacy in the community.

“We want to be involved in our communities as much as we can”, says Tarte, and with our public listing we look forward to having a strong presence in the investment community as well,” Mr Tarte said.

Krishika Narayan, chief executive officer of the SPSE says KFL will be a welcome addition to the exchange.

“The listing of KFL marks the extension of the SPSE’s and the capital market’s sectorial representation by including the first company from the Finance sector,” Ms Narayan said.

“The SPSE believes that this listing heralds a new era of business operations for KFL and will further strengthen the entity’s corporate reputation and visibility.”

Feedback:  maraia.vula@fijisun.com.fj

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