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Illustration of FPCL pays out $6.8m dividend to Govt

Fiji Ports Corporation Reports Record Profit and Generous Dividend Payouts

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The Fiji Ports Corporation Limited (FPCL) has distributed a dividend cheque amounting to $6.8 million to the Government of Fiji, following an impressive Net Profit after Tax (NPAT) of $27.84 million for the year 2023. This result signifies a 3 percent increase from the previous year, showcasing the corporation’s robust growth and strong financial performance.

Prime Minister and Minister for Public Enterprises, Sitiveni Rabuka, received the cheque in his office. He pointed out that this outstanding result is a reflection of the dedication of the FPCL team and the strategic initiatives implemented to promote sustained growth and operational efficiency.

Rabuka emphasized the significance of the dividend payout, which totaled $16.6 million for the three shareholders, as evidence of the corporation’s ongoing success and financial vitality. He noted that these positive outcomes benefit not just the government but also the general public and key stakeholders such as the Fiji National Provident Fund (FNPF).

Moreover, the Prime Minister lauded the decision to allocate a bonus of $342,469 to 133 employees, underlining the importance of recognizing their hard work and commitment. He expressed gratitude for their invaluable contributions to the corporation’s growth and performance.

The dividends were distributed 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

Additionally, the Board’s approval of employee bonuses further reinforces the commitment to acknowledging the dedication of the FPCL workforce.

In summary, the current financial achievements of FPCL signal a positive trajectory for both the corporation and the broader community, inspiring confidence in its future growth and continued success. This proactive approach not only supports economic stability but also emphasizes the crucial role of employees in achieving these results.


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