In a festive surprise, 133 employees at Fiji Ports Corporation Limited received a Christmas bonus totaling $342,469. This announcement was made by the newly appointed chairman, Isikeli Tuituku, who succeeded Pita Wise. Under his leadership, the corporation has noted a three percent increase in net profit, reaching an impressive $27.84 million.
The company’s economic success has been attributed to an increase in cruise vessel arrivals and stable import-export trade volumes. Mr. Tuituku revealed that the board also declared a dividend payout of $16.6 million for the 2023 financial year, marking a 6.8 percent increase compared to 2022. The distribution will see the government receiving $6.8 million, the Fiji National Provident Fund (FNPF) obtaining $6.5 million, and Aitken Spence Plc receiving $3.3 million.
Mr. Rabuka highlighted that these positive outcomes not only reflect the corporation’s robust financial health but also benefit the government, citizens, and key partners like FNPF. Additionally, Fiji Ports Corporation Limited plans to enhance its leadership team by recruiting three top executives in January 2025.
This news is a beacon of hope, showcasing a thriving corporate environment that prioritizes its workforce and stakeholders while contributing positively to the economy. The continuation of strong profit growth and strategic dividends sets a promising future for the corporation and its community.
Summary: Employees of Fiji Ports Corporation Limited received a $342,469 bonus as the company reported a net profit increase to $27.84 million. The board announced a $16.6 million dividend payout, benefiting shareholders and indicating the corporation’s strong financial standing amid a recovering economy.
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