Fiji Ports Corporation Limited (FPCL) has made a significant financial contribution to the Government of Fiji by presenting a dividend cheque amounting to $6.8 million, stemming from an impressive Net Profit after Tax (NPAT) of $27.84 million for the year 2023. This achievement reflects a 3 percent increase from the previous year, highlighting the corporation’s ongoing commitment to growth and efficiency.
During the cheque presentation, Prime Minister and Minister for Public Enterprises, Sitiveni Rabuka, praised the FPCL team for their dedication and strategic decisions that have led to this favorable financial outcome. He emphasized that the dividend payout of $16.6 million across the three stakeholders not only indicates the corporation’s financial stability but also contributes positively to the government and citizens of Fiji, as well as significant partners like the Fiji National Provident Fund.
Prime Minister Rabuka also expressed appreciation for the decision to distribute a staff bonus totaling $342,469 among 133 employees, showcasing the recognition of their hard work and dedication over the past year. He reinforced the notion that their contributions are crucial to the corporation’s success.
The distribution of the total dividend 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
Moreover, the additional bonus payout illustrates the corporation’s commitment to rewarding its employees, further fostering a culture of respect and recognition within the organization.
This positive trend not only strengthens the financial position of FPCL but also reinforces the collaborative spirit between the organization, the government, and its employees, paving the way for future growth and sustainability within Fiji’s economy.
In summary, this news reflects a bright outlook for Fiji’s economic landscape, indicating that with dedicated teamwork and strategic planning, organizations can achieve remarkable financial results while also uplifting their workforce and stakeholders.
Leave a comment