SUNBIZ

Fiji Ports Pays Out $243,907.61 Bonus, $13.4 Million Dividend

“Despite the challenges, and continued COVID-19 restrictions, FPCL was able to put in place the risk mitigation measures and ensure business continuity,” he said.
03 Aug 2022 12:40
Fiji Ports Pays Out $243,907.61 Bonus, $13.4 Million Dividend
Sitting 5th from left: Attorney-General and Minister for Economy Aiyaz Sayed-Khaiyum, Fiji Ports Corporation Limited board chairman Shaheen Ali, representatives from the RFMF Naval Division, representaives from Aitken Spence PLC and FPCL staff members after the announcement on August 2, 2022. Photo: Selita Rabuku

Fiji Ports Corporation Limited yesterday announced a bonus payout of $243,907.61 for its 132 hardworking employees.

This was announced by FPCL board chairman Shaheen Ali.

Mr Ali also announced a dividend of $13.4 million to be paid to their shareholders. From this, the Government received 41% – $5.49m, Fiji National Provident Fund received 39% – $5.22m and Aitken Spence PLC 20% – $2.68m.

Mr Ali said the two positive announcements were made possible through the strong performance of FPCL in its 2021 financial year.

 

“Despite the challenges, and continued COVID-19 restrictions, FPCL was able to put in place the risk mitigation measures and ensure business continuity,” he said.

It recorded a net profit after tax of $22.34m, a slight reduction compared to 2020 because of the global downturn, leading to a reduction in vessel numbers.

No cruise ships liners visited Fiji during the crisis period. Mr Ali said despite all the challenges, FPCL maintained a steady growth.

 

Digitalization

FPCL continues to achieve its vision to digitalize and automate its operations.

“We now have systems of auto[1]mated invoicing, online payment, and automated berthing applications that give us an edge over other regional ports,” Mr. Ali said.

“From this month, we can expect a return of cruise vessels after two years.”

 

Public-Private Partnership

Since the public-private partnership in 2015, Mr. Ali said, FPCL has continued to grow.

“There has been a growth of 34 per cent recorded over the past seven years, it was possible even without any increase in our fees and charges.”

“Our commitment to serving the people of Fiji, is our paramount objective.”

“We strongly feel that in order to maintain our position as the hub of the region, we need to continuously review our processes and continuously invest in our infrastructure.”

 

FPCL Chief Executive Officer (CEO) Vajira Piyasena acknowledged his hardworking staff and board members for a commendable result despite the challenging year.

Attorney-General and Minister for Economy Aiyaz Sayed-Khaiyum commended the outstanding performance by FPCL and its vision to digitalize its operations.

He said digitalization was the way forward, especially running a professional business such as Ports.

He also clarified issues raised by staff members of FPCL during a talanoa session.

 

Feedback: selita.bolanavanua@fijisun.com.fj



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