Fiji Ports pays record dividend to government

27 Jun

As published on the the Fijivillage on the 27th of June 2014

The Fiji Ports Corporation Limited has paid a record dividend of $3.698 million to government for the 2013 financial year.

Chairman of Fiji Ports Corporation Limited, Tevita Kuruvakadua said the payment represents a 1.2% increase over prior years and is the highest ever paid by Fiji Ports to the government.

Kuruvakadua said year 2013 signified considerable change for Fiji Ports, a situation brought about through the signing of a Public Private Partnership agreement with Sri Lankan firm Aitken Spence for the management of Ports Terminal Limited.

He said the Fiji Ports Group recorded strong and profitable trading results for 2013, representing successive increases form 2010 onwards.

Kuruvakadua added that the 2013 financial results included extraordinary outcomes, given the recognition of $6.3 million gain on sale for Ports Terminal Limited shares to Aitken Spence.

Story by Filipe Naikaso

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