Fiji Television Limited, today announced the release of its audited financial statements for the year ending 30th June 2023.

FTV the leading broadcasting and media Company in Fiji, has announced a net profit after tax of
$421,939 compared to a loss of ($480,559) for the same period in 2022. Improved financial
performance is largely driven by a strategic approach to managing the content suppliers and
customers.

FTV’s financial performance demonstrates the company’s dedication to strategic growth,
innovation, and adapting to the evolving media landscape.

Despite the challenges faced by the industry, FTV’s commitment to delivering high-quality content and services remains our priority.

The board and management are currently reviewing the company’s strategies to further enhance its performance and align the business to customer demands.

The net asset position has improved by 6%, closing at $6,737,376 at the end of the reporting
period.

Fiji TV Chairman Nesbitt Hazelman expressed his satisfaction with the financial performance, stating, “We are happy with the financial results given the industry challenges.

This will be our base to better our performance for FY24 and work towards improving shareholder returns. This achievement underscores the hard work and dedication of our team, as well as the support of our valued stakeholders. We remain committed to providing top-notch content and services to our audiences while exploring new avenues for growth.”