Vision Investments Limited has celebrated a significant year of growth and financial success, as reflected in its recent financial results. Acting CEO Niraj Bhartu proudly announced a 12.2% boost in revenue, culminating in a total of $223.5 million. The company recorded a net after-tax profit of $15.3 million, and impressively, net operating cash flow surged nearly fourfold to $27.1 million, mainly due to enhanced working capital management.
The company’s total assets have grown by 16%, reaching $295.8 million, while shareholder equity has increased to $134.6 million. Dividends have been maintained at $0.10 per share, and earnings per share stood at $14.79.
Vision Investments’ progress was evident across various business areas. The automotive and retail sectors experienced growth with the addition of a new dealership in Nadi and a significant retail store in Labasa, broadening the company’s geographic footprint. The financial services division flourished through expanded third-party lending and microfinance activities, complemented by robust remittance and foreign exchange actions within the fintech space.
A standout division, Vision Energy, marked its success in renewable energy with projects that displaced 187,000 gallons of diesel and generated three megawatts of solar power, equivalent to planting 41,600 trees. This initiative underscores the company’s commitment to sustainability and innovative energy solutions.
Chairman Navin Patel expressed confidence in the company’s strong results, highlighting its resilience. Vision Investments remains committed to innovation, sustainability, and digital transformation, with plans to further expand renewable energy initiatives across Fiji. By focusing on strategic innovations, the company aims to strengthen its market position, demonstrating adaptability amid challenges like inflation and labor shortages.
This promising outlook offers reassurance to stakeholders about Vision Investments’ strategic planning and dedication to long-term growth, paving the way for a prosperous future.