The Fiji Ports Corporation Limited (FPCL) has made a significant contribution to the Government of Fiji by presenting a dividend cheque of $6.8 million, following a record Net Profit after Tax (NPAT) of $27.84 million for the year 2023. This figure represents a commendable 3 percent increase from the previous year’s profits.
During the cheque presentation, Prime Minister and Minister for Public Enterprises, Sitiveni Rabuka, acknowledged the success of FPCL, attributing it to the hard work of its team and the strategic choices made to enhance growth and efficiency. He remarked that the total dividend payout of $16.6 million distributed among the three shareholders underscores the corporation’s financial robustness and its beneficial impact on both the government and the citizens, including crucial stakeholders such as the Fiji National Provident Fund.
The Prime Minister also praised the decision to award a bonus payout of $342,469 to 133 employees, recognizing their dedication and efforts that have contributed to the corporation’s success over the past year. He emphasized the importance of valuing the staff’s contributions, which play a vital role in the growth and overall performance of FPCL.
The full breakdown of dividend distribution 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 this, the allocation of bonuses reflects a commitment to staff welfare and appreciation, enhancing morale and encouraging continued dedication.
This news not only highlights FPCL’s outstanding performance but also demonstrates a positive trend in the Fijian economy, showcasing the effectiveness of sound management and strategic planning. The sustained growth of such corporations is promising for the country’s future, signaling a prosperous path ahead for both the government and its citizens.
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