Kontiki Finance Limited has seen net profit growth of 67% after tax this year.
This was underlined by Kontiki Finance chairman Barry Whiteside following his annual general meeting in Suva yesterday.
He says the team recorded a profit of $7.2 million, which is higher than the net profit of $4.3 million recorded last year.
“We are looking at the first quarter of this year which ends in September. We saw an improvement from last year’s and September 1’s figures, which again shows that the economy may have started to recover again. We heard yesterday that the Reserve Bank has revised the GDP growth figures, and it’s great to see that figure at 15.6%.”
Whiteside says that before the pandemic, Kontiki Finance had excellent growth in terms of loan and deposit portfolio.
He adds that the rapid increase in offshore transactions and the demand for Fijian workers abroad is directly linked to the growth of economic activities.
Kontiki Finance is a financial company listed on the South Pacific Stock Exchange.
It offers competitive loans for new and used vehicles, debt consolidation, as well as capital release loans.
The services provided by Kontiki are local, secure and innovative and aim to provide the best possible financial solutions to customers.