Fijian Holdings Limited shareholders were extremely happy with the groups performance at the annual general meeting today.

FHL Chief Executive Officer Nouzab Fareed revealed that the plan is to make the group a billion dollar company in the next 3-4 years.

The group assets currently stands at $640 million dollars.

Fijian Holdings Limited largest contribution to the profits came from the retail sector in this financial year.

The total revenue of the group increased by 6% and net profit after tax also increased as a result to $36 million dollars.

The annual meeting was an opportunity for the CEO to update, the more than 200 shareholders present on the future of the group.

Fareed revealed that the company is acquiring few islands and he also updated the shareholders on other opportunities.

He said the group is looking for potential in the tourism sector and buying more hotel in the future.

FHL group plans to increase investment and building more capacity in many of their businesses.

FHL is the second largest listed company in the country.

 

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