Shared Transport Sector for PAT, TAL and FISA presented Dividend
Radio & TV Tonga, Nuku’alofa, 12/12/2018
The Shared Transport Sector of Public Enterprises for Ports Authority, Tonga Airports Limited and the Friendly Islands Shipping Agency paid to the Government a total tax and dividend of 3.5 million pa’anga.
As a result, from the successful operations of these enterprises during the financial year 2017/2018 the total tax paid was 1.9 million pa’anga.
The Minister of Public Enterprises Dr Saia Piukala accepted and declared the dividend payment of 25% of net profit after tax totaling at 1.5 million pa’anga.
The Minister of Public Enterprises Government emphasized that the 75% of net profits after tax for the 2017/18 fiscal year is to assist Public’s transport sectors namely PAT, TAL and FISA on meeting their critical projects at a total value of 10.8 million pa’anga.
These projects aim at improving and developing port facilities, international and inter-island air and ferry transport services that will benefit the people of Tonga.
The announcement was made during the Annual General Meeting of the Shared Transport Sector Public Enterprises for the Financial Year 2017/18 on Monday.
© Radio and Television Tonga News