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Port Moresby
April 9, 2020
Business News

MNL records K4.6m After Tax Profit

Fiji TV’s Papua New Guinea subsidiary, Media Niugini Limited (MNL) – EMTV, recorded a whopping after tax profit of K4.6 million, which is a significant growth from the last financial year.

This was revealed when the Fiji TV Board of Directors announced the company’s audited financial results for the 12 months ended 30th June, 2012.  

Since the beginning of the year, MNL has been strategizing and working towards enhancing its service delivery with compelling local content.

The latest addition in this development endeavour is the EMTV online service (www.emtv.com.pg), the company’s web site that streams news, TV shows, and latest programs on to PC.

Following the inception of the webpage, EMTV online mobile applications for Blackberry, Android and iPhone will also be on the market shortly.

Other anticipated developments include:

  1. Opening of Lae Office;
  2. Establishment of EMTEK – MNL’s new commercial production house;
  3. License of Media Solomon Islands Limited.

In the meantime, the Fiji TV Group recorded a Net Profit after tax of FJD$4.2 for the year ended June, 2012…that is an equivalent to nearly K5m, with MNL alone accounting for more than 90% of the Net Profit after tax.

Board Chairperson, Isoa Kaloumaira said the 2011/2012 financial year has been a challenging year for the group.

“Despite these challenges, both the holding company and the subsidiary company in PNG have performed extremely well. We are pleased with the results,” Mr Kaloumaira said.

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