Post Fiji gives dividend to government

Post Fiji Limited handed over a USD 371,772 cheque dividend for 2007 to the Government.

Post Fiji Chairman, Ioane Naivalurua said business for the company had been satisfactory
and this showed in its stable financial position.

He said Fiji’s postal service provider was doing well but he believed that 2009 would be a better year.

Naivalurua commended the work put in by the management and staff of Post Fiji. He attributed the performance of the company as well to the cost-cutting measures that were implemented. He said diversification had brought some stability to the company.

Interim Minister for Public Enterprises and Attorney-General Aiyaz Sayed-Khaiyum received the cheque on behalf of the Government.

Sayed-Khaiyum commended the work done by the board and company, despite receiving a comparatively smaller dividend than 2005, which was also the last year that Government received a dividend from Post Fiji.

Sayed-Khaiyum said that the postal industry was facing challenging times and there was a need for postal companies to be a lot more robust and innovative in doing business.

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