Fiji Ports Corp accounts $15.22m divident payout to shareholders
13 November, 2018, 3:35 am
THE Fiji Ports Corporation Ltd has announced a total dividend of $15,226,505 million to be paid its shareholders, namely the government, Fiji National Provident Fund and Aitken Spence.
FPCL board chairman and Ministry of Industry, Trade and Tourism permanent secretary Shaheen Ali made the announcement yesterday.
Mr Ali said with FPCL profits increasing year on year, the dividends paid each year have also been increasing, over the past five years.
He said the dividend declared for 2017 was a 440 per cent increase from the dividend declared in 2012.
The government will receive 41 per cent ($6,242,867.05), FNPF 39 per cent ($5,938,336.95) and Aitken Spence 20 per cent ($3,045,301).
Mr Ali said the Fiji Ports Group recorded strong and profitable trading results for 2017 with a net profit after tax of $26.35 million compared with the previous year of $26.25m. “This represents a growth of 0.3 per cent over 2016 financial year.
*More in today’s The Fiji Times and on our e-edition.