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Illustration of FPCL pays out $6.8m dividend to Govt

Fiji Ports Delivers Record Dividend Amidst Strong Profit Growth

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The Fiji Ports Corporation Limited (FPCL) has announced a substantial dividend cheque of $6.8 million to the Government of Fiji, coinciding with a record Net Profit after Tax (NPAT) of $27.84 million for 2023, which represents a 3 percent increase from the previous year.

In a meeting where the cheque was presented, Prime Minister and Minister for Public Enterprises, Sitiveni Rabuka, praised the achievements of FPCL, attributing the positive results to the hard work and commitment of its team, as well as strategic decisions that have fostered growth and operational efficiency. Rabuka remarked that the total dividend payout of $16.6 million to the three shareholders signifies the corporation’s financial health and enduring success, benefiting both the government and the general public while also supporting partnerships like the Fiji National Provident Fund.

Additionally, he lauded the corporation’s decision to reward its employees, announcing a staff bonus payout of $342,469 to 133 workers. This recognition underscores the importance of the staff’s contributions to FPCL’s growth and overall performance.

The breakdown of the dividend allocation 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

Overall, FPCL’s financial achievements speak to the effective management and commitment of its team, leading to rewards for both the employees and shareholders. This kind of financial performance could pave the way for further investments in infrastructure and services that will benefit the Fijian community.

The article draws attention to a positive narrative of growth and success within the corporation, painting an optimistic picture of ongoing economic progress for Fiji.


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