Public Trustee Presents $1.5M To Government As Dividend
Payment of bonus to staffs based on performance ranging from 3-5% of their salary and the success of the company over the years
The Fiji Public Trustee Corporation Limited presented the Government with $1.5 million as dividend at Public Trustee House in Suva yesterday.
Chief Executive Officer of, Antonio Takala, at the event commented the bonus payout to the staffs was performance based.
“The ministry has approved the payment of bonus to staffs based on performance ranging from 3-5% of their salary and the success of the company over the years,” Mr Takala said.
Chairman for Fiji Public Trustee Corporation Limited, Ikbal Jannif said he was happy with the company’s performance.
“This was the first government department to be corporatised and we can proudly say that the corporatisation of the public trustee office has been a successful one,” Mr Jannif said.
“We have now been in operation for 10 years, returning profit to the company and today we have presented our second dividend cheque to the government.”
Permanent Secretary for Public Enterprises, David Kolitagane, while receiving the cheque ,thanked the board and staff for their contribution.
“On behalf of the government and the two shareholder ministries, the Ministry of Economy and the Ministry of Public Enterprise, we really do appreciate and thank the role of the board and management,” Mr Kolitagane said.
He also thanked the chairman for his role and added despite not receiving any budget or grant from the Government, FPTC continued to present the government with the dividend.
“We continue at the ministry and shareholder level to acknowledge and thank the level of discipline and commitment at both the ministry and the management levels,” he said.
“We always encourage other state owned enterprises on the profitability and return that is required for each entity.
“We encourage entities to make profit and to give back to the government a level of return that is enough for shareholders as part of its operation.”
The Fiji Public Trustee Corporation Limited was corporatised in 2006 and provides Deceased Estate Administration, Trustee Services, Will making and other legal services.