Kontiki Growth Fund Ltd held its AGM last week. Announcing results, KGF director and Chairman of Kontiki Capital (KGF’s Manager), Mr. Jack Lowenstein said KGF posted a net loss of $214,717 compared to a Net Profit After Tax (NPAT) of $126,182 in FY2006. The Group meanwhile registered a net loss of $220,912 compared to a net loss of $29,834 in FY2006.

Communications Fiji Ltd announced its operating results for FY2007 on 14 April 2008. The Group reported a strong year with a consolidated NPAT of $440,806, up 399% compared to FY2006. Consolidated revenue was up 25% on the previous year to $7.6m. 

In a press statement on Monday, 21 April 2008, the Reserve Bank of Fiji revised the domestic economic growth outlook for 2008 from 2.2%, announced in October last year, down to 1.7%.

Also this week, TFL launches its Bula Fiji product, Vatukoula Gold Mine commences full operations and Suva on sale is back.