#header-inner img {margin: 0 auto !important; #header-inner {text-align: Center ;} Fiji Coupfourpointfive: FSC releases Annual Report

Tuesday, October 6, 2009

FSC releases Annual Report

The Fiji Sugar Corporation (FSC) has released its Annual Report.

The report shows FSC made a after tax loss of $36.8 million compared to over $19 million for the previous year.

Page 72 of the report titled "10 year statistical review" highlights financial, production and field statistics from 2000-2009.

In 2000, FSC recorded a after tax loss of $3.3 million but in 2009 it has skyrocketed to $36.8 million. The total sugarcane crushed by FSC reduced from 3.95 million tonnes in 2000 to 2.32 million tonnes last year.

Suar production was 377,000 tonnes in 2000 but fell drastically to 208,000 tonnes last year - a reduction of 169,000 tonnes.

In 2006, before Frank Bainimarama's military coup, FSC crushed 3.2 million tonnes of cane producing 310,000 tonnes of sugar.

It plummetted from 3.2 million tonnes to 2.48 million tonnes in 2007 after Bainimarama's interim regime came into power.

In 2007 cane production declined by a massive 720,000 from 2006.

Sugar production by FSC declined by 73,000 tonnes in 2007 from 2006.

Read full FSC Annual Report - http://www.mediafire.com/?xwmymjjndyn

2 comments:

mark manning said...

So basically, your saying, Frank and Co. are incompetent ?
To say the least !

Anonymous said...

Be much simplier compiling a list of what Frank & Co "are" good at?

Apart from seizing control of Goverment - lining their own pockets - taking incompetence & nepotism to a whole new level - ain't much else?