SUNBIZ

Communications Fiji Ltd Announces Half-Year Results

Communications Fiji Ltd (CFL) on Wednesday announced a Group profit of $98,954 ($166,403 same period 2020) for the first six months of the year to June 30, 2021. Group chairman
27 Aug 2021 10:50
Communications Fiji Ltd Announces Half-Year Results

Communications Fiji Ltd (CFL) on Wednesday announced a Group profit of $98,954 ($166,403 same period 2020) for the first six months of the year to June 30, 2021.

Group chairman William Parkinson said: “Our teams in Fiji and Papua New Guinea have responded positively to these challenging times showing extraordinary resilience and creativity.

To remain in the black is an amazing achievement and lessons learnt through this period will continue to deliver returns in the future.

The CFL group retains a solid balance sheet recording net asset of $14,641,946 ($14,368,477 June 30, 2020) with good cash reserves and minimal debt.”

The board considered paying out an interim dividend for the first six months but has decided to defer this to its November board meeting.

“We live in very uncertain times so it was thought that we should be cautious” said Mr Parkinson.

Communications Fiji operates radio networks and websites in Fiji and Papua New Guinea, and has event management, real estate and studio service businesses.

Feedback: maraia.vula@fijisun.com.fj



Five Square diwali dhamaka 2021


Get updates from the Fiji Sun, handpicked and delivered to your inbox.


By entering your email address you're giving us permission to send you news and offers. You can opt-out at any time.


Tower Insurance
FNPF
Covid 19 - SPC
Fiji Sun Instagram
Subscribe-to-Newspaper