FREE BIRD INSTITUTE LIMITED RELEASES FIRST QUARTER OF 2020 UNAUDITED FINANCIAL RESULTS

The unaudited financial results of Free

Bird Institute Limited (FBL) for the first quarter ended March 31,2020 were released yesterday.

In a statement released by the South Pacific Stock Exchange (SPX), Institution said where necessary, comparative results of the previous reporting period have been re-classed to maintain consistency with the current period reporting.

Institution chief Financial Officer Waisale Iowane, said the impact of COVID-19 is evident in the overall decline in the revenue for the quarter by 11 per cent in comparison to the same period last year.

“This was a result of the travel restrictions placed by the Fiji Government earlier to