Tailevu Holdings Company Pte Ltd Remains Resilient: Chairman

Tailevu Holdings Company PTE Limited Chairman Malakai Naiyaga says the company remained resilient de­spite the negative impact of the COVID-19 pandemic during the July 1, 2021 to June 30, 2022 finan­cial year.

Mr Naiyaga, while presenting the report during the Tailevu Provin­cial Meeting, said the company’s June 30, 2022, results demonstrated signs of steady recovery.

He said it continued to consoli­date in strengthening partnerships and building good relationship with customers which enabled the company to perform well.

“The lockdown of COVID-19 did not affect tenancy, since the prop­erties accommodated the public of­fices that served as anchors and op­eration centres during this period. We played our part during the pan­demic in offering our Vale Ni Bose to house the Central Division op­eration centre,” Mr Naiyaga said.

“Revenue generated from proper­ties more than adequately offset the border closures costs impact and costs increases that the cart­age business faced which ended the financial year with an operat­ing loss.

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