Fiji Ports Corporation Limited (FPCL) recorded a Net Profit After Tax (NPAT) of $27.75 million in 2023, states its 2023 annual report that was tabled in Parliament kast week.
This was an increase of 7% increase ($1.7 million) from 2022.
This stellar result reflects the robust recovery in Fiji’s tourism sector and a strong rebound in global trade, with a significant surge in cruise liner arrivals playing a pivotal role in driving revenue growth.
“A 9% increase in operating revenue underscored FPCL’s ability to navigate global recessionary and inflationary pressures, compounded by geopolitical tensions,” said Vajira Piyasena Chief Executive Officer.
“The revival of tourism, a cornerstone of Fiji’s economy, significantly contributed to FPCL’s success, with increased vessel traffic and the resumption of cruise liner visits driving port activity.”
“This performance highlights FPCL’s strategic adaptability and operational excellence in capitalizing on emerging opportunities.”
“By optimizing investments and maintaining a robust business strategy, FPCL continues to solidify its position as a leader in the Pacific’s maritime and trade sectors.”
Fiji Ports Corporation Limited (FPCL)has paid $17.05 million dividend to three of its shareholders for the 2024 financial year.
