FTV $0.6m loss
“Over the past 12 months, the company implemented significant changes and improvements in its business model and processes,” FTV said.
Sunday 02 March 2025 | 21:12
A subsidiary of a 100 per cent indigenous-owned investment company has reported a loss of more than half a million dollars in six months.
Fiji Television Limited (FTV), a subsidiary of Fijian Holdings Limited - a major player in the corporate sector - reported a loss of $677,262 in the six months that ended last December.
It also reported a turnover of $1.9 million for the same period, down from $3.7 million in December 2023.
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“Over the past 12 months, the company implemented significant changes and improvements in its business model and processes,” FTV said.
“However, we acknowledge that there is still more work required before achieving profitability.
“Looking ahead into the second half of the fiscal year, we remain committed to executing our strategic initiatives with diligence and agility.
“We are confident in our ability to navigate challenges.”
-SPX
