A generous bonus payout of $342,469 has been granted to 133 employees of Fiji Ports Corporation Limited, marking an early Christmas celebration for the staff. The announcement was made by the newly appointed chairman, Isikeli Tuituku, who succeeded Pita Wise. He highlighted that the corporation achieved a three percent increase in net profit, bringing the total to $27.84 million.
This positive financial performance can be attributed to a notable rise in cruise vessel arrivals and consistent volumes in import and export trade. “The board has declared a dividend payout of $16.6 million for the 2023 financial year, reflecting a 6.8 percent increase from 2022,” Tuituku noted. The dividends will be allocated as follows: $6.8 million to the government, $6.5 million to the Fiji National Provident Fund (FNPF), and $3.3 million to Aitken Spence Plc.
Mr. Rabuka, presumably a government representative, remarked that the successful dividend distribution illustrates the corporation’s robust financial health. He emphasized that these positive financial outcomes benefit not only the government and the citizens but also vital partners like the FNPF.
Looking ahead, Fiji Ports Corporation Limited plans to recruit three senior executives in January 2025, indicating ongoing growth and an intent to strengthen its leadership team.
Summary: The Fiji Ports Corporation Limited has announced a bonus payout for employees, highlighting its financial success with increased net profits and dividend distributions. The positive economic trends, bolstered by the rise in cruise arrivals and steady trade, reflect the corporation’s commitment to benefiting its stakeholders while planning for future recruitment.
Overall, the announcement brings a hopeful message about the stability and growth of not only the corporation but also the broader economic landscape in Fiji, fostering a sense of community and shared success.
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