PROFIT-MAKERS : SPA boss So’oalo Kuresa (2nd from right) with some of his senior port staff members at work on the busy Matautu-tai wharf.
By Staff Writer
The Samoa Ports Authority (SPA) signed off to Government last week a cheque for almost ST$4m tala as dividend for the financial year ending 30 June 2023.
The amount takes the total of dividend payouts to just over ST$23.6m in 7 consecutive years from 2017 to 2023.
“SPA has consistently achieved a Net Profit allowing the Authority to pay dividends to its shareholder, the Government of Samoa, as regulated under the public Bodies act 2001,” a SPA media statement explained.
Works Minister Olo Fiti Vaai handed over the dividend cheque on behalf of the Chairman and Board of Directors, Management and staff of the Samoa Ports Authority.
“ 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 General Manager So’oalo Kuresa said in the statement.
He went on to acknowledge as the driving force behind the positive results “…Government, business partners, port users, stakeholders, the Board of Directors, Management and most importantly and the hard working staff and their families.”