BUSINESS NEWS
June 29, 2012 12:00:00 AM
  Follow @ Twitter

Airports Fiji Limited (AFL) recorded a net profit after tax of $12,478,126 for the year 2011 compared to $8, 759,106 reported in 2010.

This was revealed at the handing over of a $1 million dividend cheque to  government today.

AFL chairman Adrian Sofield said this is a record for them as this is an increase of $4 million from their 2010 account.

“Under circumstances, we would like to give more,” said Sofield.

However, he said they are investing on some of their capital development projects.

The positive financial outcome was a result of continuous careful planning, financial discipline, and better utilization of existing facilities.

“Revenue grew by $4,612 million or 8.3 per cent and expenditure increase by $3,999 million or 9.1 per cent compared to the previous year,” he said.

Attorney General and Minister for Trade Aiyaz Sayed-Khaiyum said it is pleasing to note the record of the profit by AFL.

He said the need to have a modern airport in Fiji is vital as the country is now having a lot of visitors and major developments are taking place in the tourism industry.

By Ropate Valemei

Wiggle


PREVIOUS STORY
Airport renovation will boost tourism: AG
NEXT STORY
Aussie trade pumps $2b into our economy

Bookmark and Share
   




FIJI NEWS
FijiFirst names first batch of candidatesFijiFirst leader and Fijiís Prime Minister Voreqe Bainimarama today announced the party's first batch of candidates which includes him and eight other government ministers.
WORLD
'Green'-tinted SUVs at Seoul Motor ShowGas-guzzling SUVs, eco-friendly electric cars and the odd brave attempt to marry the selling points of both are taking centre stage at the biennial Seoul Motor Show.
TECHNOLOGY
Only call details given to police in 670 cases: VFVodafone Fiji says it provided call details in 670 cases to police on the production of a search warrant or court order, but does not listen to or record calls, and could not provide such information.
HEALTH/FITNESS
Clean-up day to curb dengue outbreakFiji's Ministry of Health has declared a clean-up day next Thursday for residents in the central division as it ups the tempo against a dengue fever outbreak currently experienced in the country.
SPORTS
Rewa eager to beat Labasa at homeRewa is determined to end its winless streak against Labasa and coach Marika Rodu sees tomorrow's clash against the Babasiga Lions as another tough battle.
ENTERTAINMENT
5 Seconds of Summer announce Aust, NZ showsHot on the heels of selling out two shows at Londonís iconic Wembley Arena, the chart-topping Sydney boys are heading out on the road to play their first-ever headline Australian and New Zealand arena shows, touring in support of their recently released self-titled #1 smash hit debut album.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS