Advertisement
Your Brand Here

A dividend of $13.6m paid out by Fiji Ports Corporation Limited to shareholders

155 staff will also be receiving a minimum of $500 each

A dividend of $13.6m paid out by Fiji Ports Corporation Limited to shareholders
Permanent Secretary for Trade and Tourism Shaheen Ali

A dividend of $13.6 million has been paid out to the shareholders of Fiji Ports Corporation Limited with close to $5.6 million going to the Fijian Government, $5.3 million going to FNPF and $2.7 million being given to Aitken Spence.

The Permanent Secretary for Trade and Tourism Shaheen Ali has also announced a dividend payout of $217,892 to the 155 staff of FPCL and Fiji Ships and Heavy Industries Limited.

Each staff will receive a minimum of $500 which is based on the Performance Management System.

Ali says despite the challenges, FPCL recorded a net profit after tax of $22.73 million for the year ended 31st December 2020.

He says their income decreased by $7.7 million last year and this is attributed to the restriction of entry into Ports of international Cruise ships from March 2020 and disrupted cargo movement.

Ali says this resulted in a decrease in Marine Service Charges by 8% and a reduction in Dockage and Wharfage revenue by 21% and 13% respectively.

He adds Fiji is still dealing with the second wave of the COVID-19 pandemic and FPCL has improved port security protocols.

Stay tuned for the latest news on our radio stations

CFL radio frequencies
Advertisement
Your Brand Here
LIVE SCORES
Fiji 21–19 NZ Cup final · FT
Fijiana 24–12 Australia Semi-final · FT
Ba 2–1 Lautoka IDC · FT
Rewa 1–1 Suva League · FT
Drua 27–24 Chiefs Round 8 · FT
Crusaders 22–20 Blues Round 8 · FT
India 278/7 Australia ODI · FT
NZ 198/6 England T20 · Live