Nadi

AFL gives $30m in dividends to Government

Airports Fiji Limited announced a record $30million dividend payout to Government. This couldn’t have been successful without the hard work of its staff as well as the restructure both from aeronautical and non-aeronautical revenues. Permanent Secretary for Public Enterprises David Kolitagane officiated during the event at the AFL Headquarters, Namaka, Nadi. AFL chief executive officer Faiz […]

Luke Nacei

July 28, 2016 6:21 am

Airports Fiji Limited announced a record $30million dividend payout to Government.

Staffs of AFL with Permanent Secretary for Public Enterprises David Kolitagane and AFL chief executive officer Faiz Khan. (DEPTFO)
AFL staff with Permanent Secretary for Public Enterprises David Kolitagane and AFL chief executive officer Faiz Khan. (DEPTFO)

This couldn’t have been successful without the hard work of its staff as well as the restructure both from aeronautical and non-aeronautical revenues.

Permanent Secretary for Public Enterprises David Kolitagane officiated during the event at the AFL Headquarters, Namaka, Nadi.

AFL chief executive officer Faiz Khan was delighted to present the 2015 Annual Report of Airports Fiji Ltd.

KHAN: “AFL paid $15m in dividends in 2015. This was made up of $7.5m as final dividends for 2014 and $7.5m as interim dividends for 2015. Over the last century Government has injected hundreds of millions of dollars into the capital infrastructure of AFL. It is only proper that returns reasonable to Government’s investment are declared.”

Despite the massive capital upgrade projects AFL is undertaking and despite the $15m dividends paid last year, AFL’s cash and cash equivalent position stood at a staggering $60.16m at the end of 2015 when compared to $38.22m in 2014.

AFL has also achieved record profitability results depicting its meteoric rise when compared to years gone by.

In 2014, AFL also contributed $3.04m to its social obligations in operating and maintaining Nausori and its 13 other outer island airports.

AFL chief executive officer Faiz Khan said certain measures were taken to ensure that gaps were filled to achieve the result they were looking for.

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