The Fiji Ports Corporation Limited (FPCL) has presented a dividend cheque of $6.8 million to the Government of Fiji, following a remarkable Net Profit after Tax (NPAT) of $27.84 million for the year 2023. This achievement represents a three percent increase from the previous year.
Prime Minister and Minister for Public Enterprise, Sitiveni Rabuka, expressed that this positive outcome is a reflection of the hard work and dedication of the FPCL team, along with the strategic decisions implemented to foster continuous growth and operational efficiency.
Rabuka emphasized, “The dividend payout of $16.6 million to the three shareholders underscores the Corporation’s ongoing success and financial stability. I am delighted that these positive results will benefit the government and our people, as well as important partners like the Fiji National Provident Fund.”
He also praised the Board’s decision to distribute a bonus of $342,469 to 133 employees, recognizing their significant contributions to the company’s growth and performance. “This acknowledgment of their hard work and commitment is invaluable, and I join the chairperson in congratulating them,” he added.
The detailed 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 addition to the dividends, the Board’s decision to approve the employee bonus underscores the commitment to valuing personnel contributions, paving the way for continued success in the future.
This outcome not only reflects the thriving nature of FPCL but also illustrates a positive trajectory for the broader economy, suggesting that with dedicated teamwork and strategic planning, organizations can achieve substantial growth and share the benefits with their stakeholders and communities.
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