Home

Headlines Weather Search

News

Sports

Business

World

Radio

Radio Fiji One Mirchi FM Gold FM Bula FM 2Day FM Radio Fiji Two

TV

FBC TV FBC Sports FBC 2

News

More than $16million dividend payout by FPCL

October 23, 2017 5:27 am

More than $16 million of dividend payment for 2016 by Fiji Ports Corporation Limited were given to their three shareholders today.

This is a 217 percent increase compared to over just $5 million in 2015.

While receiving over $6 million dividend payout on behalf of the government, Attorney General Aiyaz Sayed-Khaiyum says the profit happened primarily because of the input of Aitken Spence which is a world renowned port operator not just in Sri Lanka but in other countries.

“And the fact that the Fijian government took the decision to diverse some of its shares in not just Fiji Ports Corporation Limited but other stokeholds enterprises. The reason why we have done that is to bring in strategic partners to be able to quickly enhance our productivity and also to be to position Fiji internationally.”

Meanwhile, a total of 214 employees of FPCL and its subsidiary, Fiji Ships and Heavy Industries also received a bonus of $256,000.

The bonus is for established salaried staff and casual workers based on assessment of individual KPIs in line with a company’s performance management system framework.