By Staff Writer
The Samoa Ports Authority notched up another good year of business with $7.6m tala net profit for the financial year ended last June 2020.
From that amount 35% or $2.7m tala flowed into the Government coffer as dividend to help meet the budget costs for running the country.
SPA managed to make good earnings in a financial period that spanned the measles epidemic in 2019 and the start of the coronavirus pandemic in 2020.
This latest injection of dividends is the 5th year in a row SPA finances recorded an excess of income over expenditures.
Since 2016-2020 the authority has vired more than $13m tala in earnings for Government spending .
The Prime Minister Tuilaepa Sailele Malielegaoi gladly received the dividend cheque for $2,659,497 from the Minister with the portfolio Papali’i Niko Lee Hang on behalf of the SPA Board and Management.
SPA is a State Owned Enterprise and payment of dividend to Government is a statutory obligation.
