Employees at Fiji Ports Corporation Limited are celebrating an early Christmas with the announcement of a significant bonus payout totaling $342,469, benefiting 133 workers. Isikeli Tuituku, the newly appointed chairman who has taken over from Pita Wise, reported that the company achieved a net profit of $27.84 million, reflecting a three percent increase over the previous year.
The positive financial results were driven by a resurgence in cruise ship arrivals, alongside stable volumes in import and export trade. Tuituku announced that the board has approved a dividend payout of $16.6 million for the financial year 2023, which is a 6.8 percent increase compared to 2022. This payout will see $6.8 million directed to the government, $6.5 million to the Fiji National Provident Fund (FNPF), and $3.3 million to Aitken Spence Plc.
The chairman emphasized that these results demonstrate the corporation’s ongoing prosperity and robust financial health, benefiting not only the government and the community but also key partners like the FNPF. Mr. Rabuka remarked on the positive implications of these achievements for both the shareholders and the wider public. Furthermore, FCPL plans to enhance its leadership team by recruiting three senior executives in January 2025.
This news points to a hopeful recovery and growth for the Fiji economy, showcasing a successful collaboration between corporate success and community benefits. As the company moves forward, it reinforces the potential for continued prosperity and positive impacts on employees and local stakeholders alike.
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