Fiji Ports Corporation Celebrates Record Profits with Major Dividend Payout

The Fiji Ports Corporation Limited (FPCL) has presented a dividend check of $6.8 million to the Government of Fiji, buoyed by a record Net Profit after Tax (NPAT) of $27.84 million for the year 2023. This achievement signifies a 3 percent increase from the previous year, reflecting the corporation’s robust performance and effective strategies.

During the cheque presentation held in his office, Prime Minister and Minister for Public Enterprises, Sitiveni Rabuka, acknowledged that this positive outcome is a direct result of the dedicated efforts of the FPCL team and their strategic decision-making which has fostered steady growth and operational efficiency. He emphasized that the total dividend payout of $16.6 million to three key shareholders exemplifies FPCL’s financial health and ongoing success, benefiting not just the government and its people, but also significant partners like the Fiji National Provident Fund (FNPF).

Moreover, the Prime Minister praised the decision to allocate a staff bonus of $342,469, issued to 133 employees, which serves as an important recognition of their hard work and commitment over the past year. His acknowledgment of the staff’s contributions illustrates the value placed on the team’s role in ensuring the corporation’s growth and success.

The detailed dividend distributions are 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 the bonus payout reiterates FPCL’s commitment to its employees, showcasing a corporate culture that values and rewards dedication.

In conclusion, FPCL’s accomplishments reveal a promising trajectory for the corporation while simultaneously fostering a supportive environment for its employees. This financial success not only strengthens the economy but also enhances the well-being of the community it serves.

This article reflects hope and positivity in FPCL’s performance, showcasing that hard work, strategic planning, and employee recognition can drive success for both the company and its stakeholders.