FPCL PAYS DIVIDEND

30/07/2012

 

The Fiji Ports Corporation Ltd (FPCL) paid a dividend of $2.8 million to Government today.

The Attorney-General and Minister for Public Enterprises, Mr Aiyaz Sayed-Khaiyum said the dividend is 50 per cent of FPCL’s 2011 net profit after tax of $5.64 million.

“Fiji Ports handles more than 95 per cent of the nation’s trade in terms of imports and exports and provides employment to more than 450 people in Suva, Lautoka, Levuka and surrounding areas,” the Attorney General said.

In 2010, FPCL returned a dividend of $2,641,643, in 2009 a dividend of $1,758,465 and in 2008 a dividend of $875,983.

Fiji Ports consists of FPCL and the subsidiary companies Ports Terminal Limited (PTL) and Fiji Ships Heavy Industries Limited (FSHIL).

The company is a wholly owned Government Commercial Company.