Govt receives $3.7M dividend payout from Fiji Ports

The government today received a dividend payout of $3.7 million from the Fiji Ports Corporation Limited.

This is 56% of the company’s profits in the financial year of 2014.

The dividend payout is a one percent increase from last year.

Permanent Secretary for Public Enterprise, Shaheen Ali received the cheque on behalf of the government this afternoon.

The Fiji Ports Group recorded a profit for the financial year ending 31st December 2014 of $7.4 million.

Fiji Ports Corporation Limited has also managed to undertake $10 million prepayment in Asian Development Ban loans.

Chairman of the Fiji Ports Group, Tevita Kuruvadua says this was made possible by strong operational cash flows and prudent financial and cash flow management.