The Fiji Ports Corporation Limited (FPCL) has presented a substantial dividend cheque of $6.8 million to the Government of Fiji, following a remarkable Net Profit after Tax (NPAT) of $27.84 million in 2023. This achievement represents a 3 percent increase from the previous year, highlighting the company’s ongoing growth trajectory.
Prime Minister and Minister for Public Enterprises, Sitiveni Rabuka, received the dividend in his office, emphasizing that the impressive results are a reflection of the dedication and effort put forth by the FPCL team, alongside the strategic decisions that have fostered sustained growth and enhanced operational efficiency.
Rabuka expressed his satisfaction with the dividend payout of $16.6 million allocated to three shareholders, acknowledging that these positive financial outcomes are beneficial not only for the government and the population but also for key stakeholders such as the Fiji National Provident Fund.
He also commended FPCL’s decision to distribute a bonus of $342,469 to 133 employees. This move underscores the importance of recognizing the commitment and hard work of FPCL staff over the past year, which has significantly contributed to the corporation’s growth and performance.
The breakdown of the dividend payouts 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
In summary, this financial success not only boosts the economy but also illustrates the commitment of FPCL to rewarding its employees, reinforcing the idea that collective effort leads to shared prosperity. The recognition of both shareholders and staff marks a promising outlook for the future of FPCL and its contributions to the Fijian economy.
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