The RB Patel Group Limited recorded a net profit after tax of $4.98 million for the 12 months ending 30th June 2010 compared to a net profit of $5.68 million for the previous 15 months last year.
Group Chairman Isoa Kaloumaira said the financial performance continues a trend of steady growth both in revenue and bottom line.
Kaloumaira said the results are extremely pleasing given the business climate as a consequence of the global financial crisis.
He said Fiji has seen prices of all goods increase significantly over the year and consumers have to deal with the consequences of the devalued Fiji dollar and the continuing inflation.
He said the company will continue to look at opportunities and noted that the new store in Rodwell road Suva should be opening soon while earthworks have started on the new site in the greater Suva area for a new complex.
The Company's financial figures show that revenue from sales totaled $88.4 million for 12 months compared to $101.8 million recorded over the 15 month period for 2009.
RB Patel Group Limited will be paying out a final interim dividend of 10 cents per share on September 10th.
Story by: Roneel Lal
