Fiji Ports Corporation Limited (FPCL) handed a dividend cheque of $6.8 million to the Government of Fiji today, following a remarkable Net Profit after Tax (NPAT) of $27.84 million for the year 2023. This achievement represents a growth of 3 percent compared to the previous year.
Prime Minister and Minister for Public Enterprises, Sitiveni Rabuka, acknowledged the impressive results during the cheque presentation in his office. He emphasized that the success is a reflection of the FPCL team’s dedication and the strategic choices made to foster growth and efficiency in operations.
Rabuka stated, “The dividend payout totaling $16.6 million to the three shareholders demonstrates the Corporation’s solid performance and financial stability. It’s heartening to see that these positive outcomes not only benefit the government and the people but also our key partners, including the Fiji National Provident Fund.”
He also praised the decision to distribute a staff bonus, noting that $342,469 would be shared among 133 employees. This bonus serves as an important acknowledgment of the staff’s hard work and commitment over the past year. The Prime Minister highlighted their contributions as essential to FPCL’s growth and overall performance.
The total dividend payouts announced include:
– $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
Furthermore, the Board’s approval of the employee bonus highlights the Corporation’s recognition of its workforce’s dedication.
This positive news not only reflects the strong financial health of FPCL but also indicates a promising trajectory for economic growth in Fiji, supporting both the government and its citizens as well as fostering a supportive work environment.
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