FHL Group Ends Year on a High
“The group’s performance for the remaining six months of this financial year is expected to be impacted by the continuing loss of skilled labour, inflation and rising commodity prices.
Tuesday 20 February 2024 | 16:14
Construction of FHL flagship investment in Suva is expected to wrap up in two months time. Photo: Leon Lord
A landmark project in the capital should be ready in the next two months.
Construction of Fijian Holdings Tower is expected to conclude in April.
The group ended last year on a high note with strong performance records in net assets of $347.64m, an increase of $24.35m compared to June 30,
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2023 results.
“Of concern, however, were the modest performance from the subsidiaries in the building and construction industry, reflecting the slow pace of investment activity,” the company announced.
“The group’s performance for the remaining six months of this financial year is expected to be impacted by the continuing loss of skilled labour, inflation and rising commodity prices.
“We also expect the growth in the tourism sector to abate, as competitor market fully opens and the expected reduction in the discretionary spending of visitors from our traditional tourist markets.
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