Vodafone pays $40m dividend to Fiji National Provident Fund and ATH
SUVA, 10 MAY 2017 (FIJI TIMES) — Vodafone Fiji today handed over a record dividend cheque of $40million (US$20 million) to its two major shareholders, Fiji National Provident Fund (FNPF) and Amalgamated Telecom Holdings (ATH), as dividend payment for the last financial year ending March 31, 2017. [restrict]
Since the 100 per cent takeover of Vodafone Fiji by local shareholders three years ago, the company has paid a record $106m in dividends to FNPF and ATH and increased shareholder value from $390m (US$184 million) to $620m (US$293) million.
Vodafone Fiji CEO Pradeep Lal thanked his “champions” – the Vodafone staff at the hand over.
Meanwhile, FNPF Board chairperson Ajith Kodagoda, in accepting the cheque, thanked Vodafone Fiji for its continued exceptional performance over the past two decades.
“Credit goes to the board and the management for the great stewardship and strategic direction and to the employees for the passion to deliver such excellent results,” Kodagoda said.
“We also owe our customers and business partners much gratitude for their continued loyalty and patronage to the Vodafone network.”
FNPF is the largest shareholder of Vodafone Fiji with a direct and indirect stake of 86 per cent equity interest in the business….PACNEWS [/restrict]