The recent Annual General Meeting saw newly-appointed Fiji Ports Corporation Ltd Chairman, Tevita Kuruvakadua, presenting a dividend cheque of $3.6 million to the Attorney General and Minister for Public Enterprises, Aiyaz Sayed-Khaiyum.
The dividend for the 2012 financial year represents 50% of the company’s profit after tax, and is an indication that FPCL is continuing to strengthen its financial position.
The company earned a net-profit after tax of $7.31 million, a 30% increase over the previous year’s $5.64 million.
There has been a steady increase in dividends paid: $1.7 million in 2009, $2.6 million in 2010, and $2.8 million for the 2011 financial year.