Vodafone Fiji handed over a record dividend cheque of $33 million to its two major shareholders, the Fiji National Provident Fund and the ATH Group as full and final dividend payment for the last financial year.
This is the single largest dividend payout that Vodafone Fiji has made to its shareholders since the inception of the company 21 years ago.
FNPF is the largest stakeholder of Vodafone Fiji with a direct and indirect control of 79% equity in the company.
In accepting the cheque, FNPF Chairman, Ajith Kodagoda acknowledged Vodafone’s exceptional performance over the last 20 years delivering above average returns on shareholder funds invested in the company.
According to Kodagoda, this was a great milestone for the country and all Fijians.
He says that it meant that all profits made by Vodafone Fiji are retained in Fiji and the dividend received will have a significant impact on FNPF’s income which is later distributed to FNPF members.
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