$203,210.16 bonus for Fiji Ports Corporation staff

A bonus of $203,210.16 will be paid out to the 159 staff of Fiji Ports Corporation Limited for their good performance in 2019.

The Chairman of the Board of Fiji Ports Corporation Limited Shaheen Ali says the staff have continued to support the company to achieve the goals set in the year.

Ali says since the divestment in 2015, the profits of Fiji Ports Corporation Limited has increased by over 200% which means bigger returns for shareholders and Fijians as dividends paid to the Fijian government and FNPF is going back to the taxpayers and members of FNPF.

He says in 2019, the company recorded a net profit after tax of $28.04 million which is an increase of 4% compared to 2018.

Ali says this has also led to an increase of share holding dividends from $16.24 million to $16.82 million in 2019.

He says this translates into a 4% increase in the dividend that will be paid out to shareholders this year.

Ali says the Fijian government will receive $6.89 million from $6.65 million that was paid out last year while FNPF will receive $6.56 million from the $6.33 million it received last year.