Christmas arrived early for 133 employees of Fiji Ports Corporation Limited with a generous bonus payout totaling $342,469. The newly appointed chairman, Isikeli Tuituku, who succeeded Pita Wise, announced that the corporation achieved a three percent increase in net profit, raising it to $27.84 million.
This positive financial performance was attributed to a rise in cruise vessel arrivals and stable import-export trade volumes, reflecting a robust economic rebound. Chairman Tuituku shared that the board declared a dividend payout of $16.6 million for the fiscal year 2023, marking a 6.8 percent increase compared to the previous year. This payout includes $6.8 million allocated to the government, $6.5 million to the Fiji National Provident Fund (FNPF), and $3.3 million designated for Aitken Spence Plc.
Mr. Tuituku emphasized that these dividend distributions to the corporation’s shareholders signify its sustained success and financial stability. Prime Minister Rabuka noted that such favorable outcomes positively impact the government, local communities, and key partners such as the FNPF.
Looking ahead, Fiji Ports Corporation Limited is set to enhance its leadership by hiring three senior executives in January 2025.
This news highlights the importance of corporate success in contributing to broader economic growth and community welfare, illustrating a hopeful outlook for the future of Fiji Ports and its stakeholders.
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