The Fiji Ports Corporation Limited (FPCL) has presented a dividend cheque amounting to $6.8 million to the Government of Fiji, following a notable Net Profit after Tax (NPAT) of $27.84 million for the year 2023. This achievement represents a 3 percent increase compared to the previous year’s performance.
Prime Minister Sitiveni Rabuka, who also serves as the Minister for Public Enterprises, acknowledged the impressive results during the cheque presentation. He noted that this success is indicative of the dedication of the FPCL team and the strategic decisions made to enhance growth and operational efficiency.
Rabuka highlighted that the overall dividend distribution of $16.6 million to the three shareholders underscores the Corporation’s financial stability and success. He expressed satisfaction that the positive outcomes benefit not only the government and the citizens of Fiji but also essential partners such as the Fiji National Provident Fund.
In addition to this significant dividend payout, Rabuka praised the board’s decision to award staff bonuses, totaling $342,469, to 133 employees. This recognition emphasizes the invaluable contributions of the staff to the Corporation’s growth and performance over the past year.
The distribution of dividends is as follows:
– $6.8 million to the Government of Fiji
– $6.5 million to the Fiji National Provident Fund (FNPF)
– $3.3 million to Aitken Spence PLC
The approval of bonuses further exemplifies FPCL’s commitment to recognizing the hard work and dedication of its employees, fostering a positive work environment that is likely to drive future growth.
This news reflects not only a strong financial performance but also a commitment to employee welfare, showcasing a collaborative effort between the government and the corporate sector for the betterment of the Fijian community. The continued growth and positive results signify a hopeful outlook for FPCL and its stakeholders in the years to come.
Leave a comment