Fiji Sugar Cooperation CEO Graham Clark says FSC recorded a loss of $23 million in the last financial year.
Speaking to Legend FM News after their Annual General Meeting yesterday, Clark says this was impacted by a few factors.
He says that on the positive side they addressed technical issues that worried them last year and their factories are running much better.
Clark says they also have issues around their balance sheet and they are now engaging with debt providers to see what assistance they can provide to help them strengthen their balance sheet.
He says it was a good meeting with all resolutions passed unanimously including the adoption of the accounts, the re-election of directors and it also gave shareholders an opportunity to discuss issues.
Clark adds they have been blessed with very good weather this year and hopes the cane farmers have taken advantage of it.
He says he would also like a reduction in the burning of cane.
Source - fijivillage
