Timoci Vula The Ra Marama House. Picture: SUPPLIED/FT FILE The global COVID-19 pandemic has had catastrophic effect on the performance of subsidiaries of Fijian Holdings Limited (FHL) Group, with the half yearly report as at December last year noting a 34 per cent drop in revenue. Total revenue recorded for six months was $119.09m compared to $179.47m for the same period reported in the prior year. In its review released by the South Pacific Stock Exchange (SPX) today, FHL announced that the Group total net assets $288.66m as at December 31, 2020; compared to $290.40m as at June 2020. The company said the present half year report incorporated effects of COVID-19, which was not present in the six months’ accounts for the period ended December 31, 2019.