CFL has emerged from a turbulent few years in good shape and is ready to tackle very exciting times - Parkinson

CFL has emerged from a turbulent few years in good shape and is ready to tackle very exciting times - Parkinson

By Rashika Kumar
Thursday 01/06/2023
CFL Board Chair William Parkinson

CFL has emerged from a turbulent few years in good shape and is ready to tackle very exciting times - Parkinson

Communications Fiji Limited Chairman, William Parkinson says CFL has emerged from a turbulent few years in good shape and is ready to tackle what looks like being very exciting times.

CFL, the parent company for Legend FM, FM96, Navtarang, Radio Sargam, Viti FM and fijivillage delivered a final group profit after tax of $1.551 million last year compared to $797,336 in 2021.

Following CFL’s annual general meeting today, Parkinson said it was a good result as 2022 was a challenging year in both Fiji and Papua New Guinea.

He says last year, the Fiji team came under unprecedented political pressure through repeated attacks in parliament and financially as active attempts were made to block advertising spending from Government and related organisations.

The CFL Chair says he was particularly proud of the team as they stuck to their core values of independence and accuracy.

He says fijivillage is now established as the nation's leading news website and has gone a long way to achieving the goal of making it the news source "of record" for the country.

Parkinson says the second half of this year will be really positive as Fiji Showcase will be held from 30th June to 8th July at the Vodafone Arena.

He says Showcase has played a big role as far as financial performance is concerned and they look forward to that in the future.

Parkinson says now with the new government in place and once the budget is settled, they are going to see a surge in economic growth in the Fijian market.

He says they are confident about 2023 and CFL’s financial performance going forward.

Parkinson further says following the repeal of the Media Industry Development Act, he believes the people flocking into the country to buy shares will be Fijians and members of the diaspora who have been keen to buy shares in the past.

You can read CFL's Annual Report here

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