Communications Fiji Limited today announced a record profit of $48,469 dollars for the first six months until June 30th 2007, compared to a loss of $139,240 dollars for the same period last year.
In a statement, Managing Director William Parkinson said while the result may not appear significant at first, it represents a turnaround the company achieved in difficult circumstances.
It was also stated that CFL's Fiji broadcast operations have delivered very strong results for the first half despite a certain level of uncertainty in the market.
Fiji operations delivered a pretax profit of close to $185,000, a big improvement on last year's result of a little of $81,000.
Key reasons for the result has been strict control on expenses, maintaining radio advertising sales at 2006 levels and rapid revenue growth from new media areas like mobile phone content and fijivillage.com.
CFL announces record profit for first 6 months
Related Stories
COMPOL urges Lagalaga Sanatan students to value discipline and education
Students of Lagalaga Sanatan Primary School in Labasa have been reminded of the importance of education, discipline and obedience by the Commissioner of Police Rusiate Tudravu. Tudravu spoke to the students during
Heavy Rain Alert remains for Viti Levu, Southern Bua, Cakaudrove, Lau and Lomaiviti Groups
A Heavy Rain Alert remains in force for the Eastern half of Viti Levu from Serua, Namosi through Navua, Suva, Nausori, Tailevu, Naitasiri, Ra, Southern Bua, Cakaudrove, Taveuni, Kadavu, Lau and Lomaiviti Groups and near
Warning letter written to Prof. Narsey – Acting AG
Acting Attorney General Siromi Turaga says a strong warning letter has been written to Electoral Reform Commissioner Professor Wadan Narsey after he came out publicly with the Electoral Reform Commission report recommen
3 Fijian men from KVT gang in Sydney denied bail for AUD$12.5M drugs case
Three Fijians who are alleged to be associated with a gang supplying drugs in Sydney have been refused bail by the court. 28-year-old Eparama Nevale, 28-year-old William Ravoka, and 24-year-old George Sukanaivalu,
Proposed ‘People First’ submits application for registration
The Proposed ‘People First’ has submitted its application for registration to the Registrar of Political Parties, Ana Mataiciwa. Mataiciwa confirms that the FEO is now preparing to publish the party’s applica
Visitor arrivals on track for record year while sugar output drops
Visitor arrivals have recovered following a decline in the first quarter and based on current trends, Fiji is on track to achieve a third consecutive year of record visitor arrivals in 2025. While speaking on the p