Fiji Ports announces dividend of $16.2M for 2018

Fiji Ports Corporation Limited has announced a dividend of $16.2 million for 2018.

While making the announcement, Fiji Ports Corporation Limited Board Chairman and Permanent Secretary for Industry, Trade and Tourism Shaheen Ali says Fiji Ports Corporation’s performance for the 2018 financial year has been encouraging, resulting in higher profits.

Ali says Corporation Group’s net profit after tax stands at $28,041,359 and this represented a 6.4% increase from 2017 reported net profit after tax of $26,345,307.

He adds Fiji Ports alone recorded a net profit after tax of $27,065,479 which was an increase of 6.65% compared to the 2017 financial year.

From the dividend achieved, the Government will receive 41% of the share, FNPF will get 39 percent while the remaining 20 percent will go to Aitken Spence PLC.

Ali also says their plan is to continuously review the operations of Fiji Ports and in this regards both Suva and Lautoka ports have recently passed the International Ships and Ports Security code compliance audit conducted by the United Sates Coast Guard.

While speaking at the dividend announcement, Acting Prime Minister and Attorney General Aiyaz Sayed-Khaiyum thanked the board members, Chair of Fiji Ports Corporation and the investors especially FNPF for their vision to invest with Fiji Ports.

He says the government wants to continue working together with FNPF in strategic areas of the economy where it not only provide good return for FNPF but more so for its members.

Sayed-Khaiyum also thanked Aitken Spence for their faith in investing in Fiji including their recent investment in government printing.

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