December 15, 2017 9:34 PM ET

Paper and Forest Products

Company Overview of Future Forests (Fiji) Ltd

Company Overview

Future Forests (Fiji) Limited operates as a commercial hardwood forest plantation company in Fiji. The company engages in the growing of teak trees for timber production and export. It also sells teak seedlings. The company owns approximately 239 hectares of teak plantation. Future Forests (Fiji) Limited was incorporated in 2004 and is based in Suva, Fiji.

Kadavu Cottages

Kadavu House

414 Victoria Parade

Suva,  

Fiji

Founded in 2004

Phone:

679 3310 022

Fax:

679 3310 039

Key Executives for Future Forests (Fiji) Ltd

Co-Founder, Advisor and Director
Operations Manager
Compensation as of Fiscal Year 2017.

Future Forests (Fiji) Ltd Key Developments

Future Forests (Fiji) Ltd Proposes Amendment to Its Articles of Association

Future Forests (Fiji) Ltd. at its AGM held on December 7, 2017 proposed adoption of amendment to articles of association of the company.

Future Forests (Fiji) Ltd, Annual General Meeting, Dec 06, 2017

Future Forests (Fiji) Ltd, Annual General Meeting, Dec 06, 2017, at 21:00 Coordinated Universal Time. Location: Paradiso Restaurant, Ratu Cakobau Road Albert Park Suva Fiji Agenda: To consider and adopt the audited financial position and comprehensive income statement and the reports of the directors and auditors, for the year ended June 30, 2017; to elect and confirm as Director of the Board Savenaca Seniloli who was coopted onto the board of Directors on September 15, 2017; to approve a special on-off additional directors remuneration of $6,000 for 2018, for the three Directors who agreed to forgo directors fees in 2017 in order to reduce cash flow constraints whilst rebuilding the company after TC Winston; to consider that the board proposes that Ernst & Young be appointed auditors of the company for the year ending June 30, 2018 and that the board be authorized to fix their remuneration; to consider the Board recommend that no dividend shall be declared or paid by the company for the year financial year ended June 30, 2017; to consider the adoption of amendment to articles of association; and to consider other matters.

Future Forests (Fiji) Limited Reports Earnings Results for the Three Months Ended September 30, 2017

Future Forests (Fiji) Limited reported earnings results for the three months ended September 30, 2017. For the quarter, the company reported sales revenue of FJD 214,000 against FJD 138,000 a year ago. Net loss before tax was FJD 10,000 against profit of before tax of FJD 25,000 a year ago. Net loss after tax was FJD 10,000 against net profit after tax of FJD 25,000 a year ago. Net loss after tax & extraordinary item was FJD 10,000 against net profit after tax & extraordinary item of FJD 25,000 a year ago. Net loss after extraordinary items and income tax attributable to members of the company was FJD 10,000 or FJD 0.00 per basic share against net profit after extraordinary items and income tax attributable to members of the company of FJD 25,000 or FJD 0.12 per basic share a year ago. Net cash inflow from operating activities was FJD 5,000 against FJD 25,000 a year ago. Acquisition of fixed assets was FJD 2,000 against FJD 7,000 a year ago.

Similar Private Companies By Industry

Company Name Region
Fiji Hardwood Corp. Ltd. Asia
Fiji Pine Limited Asia
Future Forests (Fiji) Ltd Asia
The Pacific Lumber Company Limited Asia
Tropik Wood Industries Ltd. Asia

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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