By Staff Writer
Take a bow General Manager So’oalo Kuresa and your dedicated Samoa Ports Authority staff for banking a record $9m tala net profit from the financial year ended last June.
The State Own Enterprise has now logged in a continuous profit run in its operations for 6 years in a row.
This year it paid $3.2m tala in dividend to the Government as required under the Public Bodies Act.
SPA was established in 1999 by the Human Rights Protection Party Government and for the last 5 years the management and staff have worked hard enough to turn in net profits every year.
Despite the economic set-backs during the last financial year from the COVID-19 pandemic, the SPA management dug in with the hard work that paid off in the year’s record net profit.
The main challenge to their operations was the drop in port services from the pandemic restrictions.
Within the last 6 year period of operations SPA has paid to Government a combined total of $16.2m tala in dividends from 2016 to 2021.
The SPA management acknowledges the support they received in many ways and from many of its working partners that made these past few years a success in their operations.