Tonga Airports Ltd presented $1.3 million Divident to Government Featured
Chairman of TAL Lisiate 'Akolo presented divident to Hon. Poasi Tei Minister of Public Enterprises
Nuku'alofa, 15 January 2016. Tonga Airports Ltd declares its Annual Dividend 2014/2015 for the amount of $1.3 million pa’anga payable to its shareholder the Government of the Kingdom of Tonga.
The Chairman of Tonga Airports Limited Board of Directors, Mr Lisiate A. ‘Akolo with TAL Board Directors, Mr Va’inga Palu, Mr Michael A. Bloomfield, Mr Tomifa Paea and the Chief Executive Officer of Tonga Airports Ltd Mr Viliami Ma’ake, presented to the Minister of Public Enterprises, Hon. Poasi Tei, a cheque of $1.3 million pa’anga.
This is TAL’s dividend declared for 2014-2015 during its Annual General Meeting on Wednesday, 9 December 2015. This is the highest dividend amount paid from Tonga Airports Ltd to the Government of Tonga.
The dividend amount represents seventy-five percent (75%) of the total profit after tax raised by the company. Revenue earned during the 2014/2015 financial year had, for the first time since the company’s inception, exceeded the $10m mark.
Tonga Airports Ltd serves the people of the Kingdom of Tonga with airport services at Fua’amotu International Airport, Tongatapu; Lupepau’u Airport, Vava’u; Salote Pilolevu Airport, Ha’apai; Kaufana Airport, ‘Eua; Mata’aho Airport, Niuafo’ou; and Lavinia Airport at Niuatoputapu.
Tonga Airports Ltd aims to provide a safe and efficient airport environment that is both welcoming to travellers and commercially successful to airline and business
partners.
Continuous upgrading of the airports offers improved customer facilities while ensuring full compliance with all international regulations. In doing so, we aim to encourage increased passenger traffic and aircraft movements and contribute to the growth and development of the nation.
ENDS
Issued by Tonga Airport Limited
