FPCL pays out Dividends of more than $16M
March 28, 2019 5:05 pm
The Acting Prime Minister Aiyaz Sayed-Khaiyum [middle]receives over $6 million from Fiji Ports Chair Shaheen Ali [Source: Fijian Government]
Fiji Ports Corporation Limited today paid three shareholders more than $16 million in a dividend payment for 2018.
This is a three hundred and thirty-seven percent increase from the 2014 dividend payout levels.
Fiji Ports Chair Shaheen Ali says FPCL’s performance for 2018 has been strong despite the impacts of two Tropical Cyclones.
It had an impact on our performance in the first quarter of the year. Since then we have been able to pick up and encourage an increase in traffics resulting in a good performance.
While providing the breakdown of the dividend he says that the large amount indicates that they have achieved their objective to provide better services.
Meanwhile, the Acting Prime Minister Aiyaz Sayed-Khaiyum while receiving over $6 million for the government says this is a reflection of the hard yards being put in by the corporation to improve its services.
The dividends are good and there is an enormous opportunity for growth. We have already seen a substantial amount of growth. The dividends that were paid to us were minuscule previously.
Other than government, the other shareholders include the Fiji National Provident Fund and the Aitken Spence which is a world-renowned port operator not just in Sri Lanka but in other countries.
— Kreetika Kumar (@KreetikaFBCNews) March 28, 2019