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Abishek Chand 6 April, 2021, 3:10 pm Paradise Beverages (Fiji) Limited (PBF) recorded an impairment loss of $14.3m for 2020 as the consolidated loss after tax was $5.8m. This was revealed in the SPX market announcement for PBF’s 2020 audited financial statements in March 31, 2020. “In accordance with relevant accounting standards, and as part of the process of finalising 2020 financial results, PBF assessed the carrying values of both its businesses in Fiji and Samoa,” stated the company. COVID-19 had an adverse impact on the trading performance of PBF. PBF stated the Fiji Brewery and Rum Co of Fiji Distillery had ceased operations and production for several weeks from April 2020. ....
Maikeli Seru 22 January, 2021, 7:15 pm Marist Rugby Club president Lawrence Tikaram (fourth from left), Paradise Beverages Ltd general manager Mike Spence, Paradise Beverages Fiji general manager sales and corporate affairs Joseph Rodan Sr and MRC committee members during the launch of the 2021 Fiji Bitter Sapphire Marist 7s tournament on Wednesday. Picture: SOPHIE RALULU The annual Fiji Bitter Marist 7s tournament is expected to be the best this year. This was revealed by the organisers and the sponsors of the tournament after it was launched at the Paradise Beverages Ltd headquarters in Suva on Wednesday. Marist Rugby Club president Lawrence Tikaram, while not revealing the prize money for this year, said it would be better than past years and the tournament would be unrivalled in its organisation. ....