Apia— 22 March 2024 — The Minister of Works, Transport and Infrastructure, Afioga Olo Afoa Fiti Vaai, on behalf of the Chairman and Board of Directors, Management and staff of the Samoa Ports Authority (SPA), presented the Authority’s Dividend Cheque of $3,991,448 to the Minister for Public Enterprises, Afioga Leatinuu Faumuina Wayne So’oialo on behalf of the Government of Samoa.
The Dividend declared and approved by the SPA Board represents 35% of the Audited Net Profits of $11,404,138 for the financial year ending 30 June 2023.
This is the seventh consecutive year SPA has consistently achieved a Net Profit allowing the Authority to pay dividend to its shareholder, the Government of Samoa, as regulated under the Public Bodies Act 2001. From 2017 to 2023, SPA has paid a total accumulated dividend of $23,611,352 million tala to the Government.
As a state owned entity (SOE), the Authority is proud of its improved financial situation allowing it to honour its statutory responsibilities such as paying dividend to assist the Government with its many developments.
SPA acknowledges with appreciation the support from our Government, business partners, port users, stakeholders, the Board of Directors, Management and most importantly, the hard working staff and their families of whom, is the driving force behind the positive results.
So’oalo Falelima Kuresa So’oalo
7574641
sooalo.kuresa@spasamoa.ws
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SOURCE – Samoa Ports Authority
