The Fiji Ports Corporation Ltd (FPCL) has declared a dividend payout of $17.05 million for its shareholders for the financial year 2024. This payout underscores the strength of the corporation’s balance sheet, attributed to its effective strategies and initiatives aimed at fostering growth.
Prime Minister Sitiveni Rabuka, who was present at the dividend announcement event, praised FPCL for its resilience and commitment to value creation. He highlighted that this significant dividend reflects not only the dedication of the board and employees but also the company’s prudent financial management.
The government’s share of the dividend amounts to $6.9 million, marking an impressive 85 percent increase compared to the $3.7 million it received in 2014 prior to divestment. With the government now owning 41 percent of FPCL, this return emphasizes the strategic value of the partnerships established in 2015 involving the Fiji National Provident Fund and Aitken Spence, which had a combined investment of $99.1 million.
This financial success is encouraging as it indicates a positive trajectory for FPCL, reinforcing its role in contributing to the Fijian economy. The continuous growth and robust financial performance of FPCL reflect a hopeful outlook for future investments and initiatives that could benefit both the corporation and the broader community.
Overall, FPCL’s accomplishments not only highlight its financial health but also reaffirm the importance of effective management and collaborative partnerships, suggesting a promising future for the Fijian economy.
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