Posts tagged dividend

Fiji Government Receives $3.65M Dividend From FPCL

The Fiji Ports Corporation Limited (FPCL) today handed over a dividend cheque of $3.65million to the Attorney-General and Minister for Public Enterprise, Mr Aiyaz Sayed-Khaiyum at the FPCL headquarters.

FPCL board chairman, Mr Tevita Kuruvakadua said the dividend is 50 per cent net profit after tax for the 2012 financial year.

“FPCL’s consolidation consisting of Fiji Ports, Fiji Ships and Ports Terminal Limited has improved its performance. FPCL’s net profit for the financial year ending 2012 was $7.31 million out of which $3.65 million was presented to Government,” Mr Kuruvakadua said.

The achievements for this year is 30 per cent above what we achieved last year,” he added.

Mr Kuruvakadua highlighted that in line with Government’s plans, FPCL will continue to pursue ports reforms in the financial years ahead.

“The 30 per cent increase reflects the potential that the company has in terms of operations and in line with public- private partnership policy. The board is quite confident that it will do better in years to come,” Mr Kuruvakadua said.

Mr Kuruvakadua added that in terms of corporate plans, the FPCL has undertaken infrastructural development in the last financial year such as building commercial sheds at the Lautoka port and at Muaiwalu in Suva.

“The board as part of its future plans, is also looking at staff and customer services such as improving technology and plans for extension of existing ports facilities,” he said.