Fiji Public Trustee Corporation Limited pays dividend of $500,000 to government for the year 2017

The Fiji Public Trustee Corporation Limited has paid a dividend of $500,000 for the year 2017 to government.

Permanent Secretary for the Ministry of Public Enterprises Jitendra Singh says the Fiji Public Trustee Corporation Limited’s ability to pay dividends to government over the past years is attributed to the hard work, commitment, sound management and good governance by the Corporation.

Singh says that for the 2017 financial period, Fiji Public Trustee Corporation Limited reported a Net Profit After Tax of around $456,000, which is almost an 18% increase from the Net Profit After Tax of around $386,000 achieved in 2016.

He highlighted that this is the third dividend pay‑out by the Fiji Public Trustee Corporation Limited since its incorporation in 2006 adding that the Corporation has since then paid $5million as dividends to the Fijian Government.

The Permanent Secretary adds that the growth of the Fiji Public Trustee Corporation Limited is a positive sign for its shareholders and such progress is expected to render even greater financial returns in the coming years.

Chairman of the Corporation, Sunil Sharma says Fiji Public Trustee Corporation Limited will continue to modernize its trends such as the digitization of records maintenance and their workflow management systems.

Sharma says that as a progressive business, Fiji Public Trustee Corporation Limited has moved from the traditional administration services and now includes estate planning, financial administration and management together with advisory services on wealth transfer requirements to the people of Fiji.