In a delightful turn of events, 133 employees of Fiji Ports Corporation Limited received an early Christmas present with a bonus distribution totaling $342,469. The announcement was made by the newly appointed chairman, Isikeli Tuituku, who has succeeded Pita Wise in this role.
Under Tuituku’s leadership, the company reported a three percent increase in net profit, reaching $27.84 million. This financial boost can be attributed to a notable rise in cruise vessel arrivals and robust import-export trade volumes, which have both significantly contributed to the company’s economic recovery.
Additionally, the board declared a dividend payout of $16.6 million for the 2023 financial year—an increase of 6.8 percent compared to 2022. The distribution will see $6.8 million allocated to the government, $6.5 million to the Fiji National Provident Fund (FNPF), and $3.3 million to Aitken Spence Plc. These dividend shares to the three major shareholders demonstrate not only the corporation’s financial vitality but also its commitment to supporting key partners and the broader community.
Prime Minister Sitiveni Rabuka emphasized that the positive financial results benefit both the government and the local populace. Looking ahead, Fiji Ports Corporation Limited plans to bolster its leadership by recruiting three new top executives in January 2025.
This news highlights not only the positive outcomes for employees and shareholders but also reflects the broader economic recovery in the region, suggesting an optimistic future for Fiji’s maritime and trade sectors.
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