The group of companies under Vision Investments Limited showed steady growth with revenues increasing 6 per cent to $180.4million and net profit after tax increasing 10 per cent to $20.2 million.
The growth is particularly noteworthy, considering that in the previous year, performance was boosted by an event-led one-off increase in consumer demand across the retail sector.
In the company’s 2018 annual report, the Group’s chairman stated that the revenue and after tax profit for the financial year exceeded by a large
margin, the corresponding prospective financials that were disclosed in the Information Memorandum issued in connection with the listing of the Company on the South Pacific Stock Exchange in 2016.
All business units of the Company, namely Courts, Vision Motors and Mahogany Industries (Fiji) performed strongly in the year.