Pleass Global Limited (PBP) reported outstanding performance in 2022, with a forecast of continued growth in 2023 and beyond.
The bottlers of VaiWai® Natural Artesian Water and Aqua Safe® Natural Artesian Water reported a 92 per cent increase in profit before tax.
Other highlights included:
nprofit before tax increased by 92 per cent.
noperating revenue was 57 per cent higher.
nearnings before interest, tax, depreciation and amortization (EBITDA) increased by 46 per cent.
nnet assets increased by seven per cent.
nnet profit grew by 11 per cent.
Share prices up by 3 per cent
Even share prices increase by three per cent, the company reported.
It declared 5 cents per share dividend and dividend yield increased by 21 per cent.
On account of its success, Please Global was able to increase by two -fold, its sponsorships, community donations, support and engagement, especially in our local area.
The company will now embark on a major capital expenditure programme, to increase production, and improve resilience against climate and environmental change.
The programme spans five years.
Story By: Frederica Elbourne
Feedback: frederica.elbourne@fijisun.com.fj