Fiji Television Limited recorded a net profit after tax of $859,014
for the six months ending 31st December, 2019.
Total revenue for six months ending 31st December 2019 stood at 6 million dollars while Fiji TV’s net assets increased by 3 percent in December 2019 compared to the same period last year mainly due to the positive performance of the company.
Net assets closed at $15.5m for the six months ending over the same period last year.
The company earlier in December 2019 declared and paid a dividend of $0.05 per share to the shareholders.
Fiji Television Limited Chief’s Executive Officer Karen Lobendahn said that Fiji TV performed extremely well in the challenging business environment.
She says, the positive results were achieved as a result of the hardwork, great persistence and team work displayed by the FijiTV team.
Lobendahn said the recorded profit could not have been possible without the support of FijiTV viewers and advertisers.
Lobendahn thanked viewers and advertisers for their continued support adding FijiTV looks forward to their support throughout this coming year.