{"id":2104,"date":"2026-02-18T13:19:06","date_gmt":"2026-02-18T01:19:06","guid":{"rendered":"https:\/\/fijihardwood.org\/?p=2104"},"modified":"2026-02-25T13:25:17","modified_gmt":"2026-02-25T01:25:17","slug":"fhcl-pays-first-dividend-to-government","status":"publish","type":"post","link":"https:\/\/fijihardwood.org\/?p=2104","title":{"rendered":"FHCL Pays First-Dividend to Government"},"content":{"rendered":"\n

Suva, Fiji \u2013 Fiji Hardwood Corporation Limited (FHCL) has delivered its first-ever dividend payment to the Government of Fiji for the 2021 financial year, marking a significant return to the State as shareholder.<\/p>\n\n\n\n

Minister for Public Enterprises, the Honourable Charan Jeath Singh, welcomed the $500,000 payment and described it as a historic milestone for the state-owned enterprise sector.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
\n

\u201cI acknowledge the Board\u2019s leadership in guiding the company, its management and staff towards improving operational and financial efficiency, strengthening governance, and working collectively with stakeholders to secure independent forest certification, among other strategic goals of FHCL,\u201d the Minister said.<\/p>\n<\/blockquote>\n\n\n\n

\n

\u201cThe 2021 Board of Directors laid this foundation, and the current Board must now sustain this momentum,\u201d he added.<\/p>\n<\/blockquote>\n\n\n\n

FHCL Board Chairman Mr. Iowane Naiveli said the dividend payment reflects the collective effort across the organisation to restore confidence and reinforce accountability to the State and the people of Fiji.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis dividend is more than a financial return. It represents discipline, sound oversight and a clear focus on strengthening the Corporation\u2019s long-term sustainability,\u201d Mr. Naiveli said.<\/p>\n\n\n\n

The dividend follows FHCL\u2019s return to profitability in 2021, when the company recorded a net profit before tax of $3.302 million, its first since 2018, and fully repaid approximately $8 million in outstanding debt. The result marked a decisive shift in the company\u2019s financial position.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cI re-emphasise that good governance must be upheld at all levels of the organisation, including in our dealings with landowners and other stakeholders, as this will place FHCL in a strong position to embrace business opportunities,\u201d Minister Singh said.<\/p>\n\n\n\n

FHCL Chief Executive Officer Mr. Semi Dranibaka said the company remains focused on sustaining performance and delivering consistent returns to Government.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cOur responsibility as a state-owned enterprise is clear. We must operate efficiently, uphold accountability, and ensure that value generated from Fiji\u2019s mahogany resources benefits the State and its people,\u201d he said.<\/p>\n\n\n\n

Mr. Dranibaka also acknowledged the dedication and resilience of FHCL staff, noting that the achievement reflects their hard work and commitment during challenging periods.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

FHCL will continue to prioritise disciplined financial management, strong governance standards, and responsible stewardship of Fiji\u2019s mahogany resources to strengthen future returns to Government.<\/p>\n","protected":false},"excerpt":{"rendered":"

Suva, Fiji \u2013 Fiji Hardwood Corporation Limited (FHCL) has delivered its first-ever dividend payment to the Government of Fiji for the 2021 financial year, marking a significant return to the State as shareholder.<\/p>\n

Minister for Public Enterprises, the Honourable Charan Jeath Singh, welcomed the $500,000 payment and described it as a historic milestone for the state-owned enterprise sector.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[8],"tags":[],"class_list":["post-2104","post","type-post","status-publish","format-standard","hentry","category-fhcl-updates"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/fijihardwood.org\/index.php?rest_route=\/wp\/v2\/posts\/2104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fijihardwood.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fijihardwood.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fijihardwood.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fijihardwood.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2104"}],"version-history":[{"count":4,"href":"https:\/\/fijihardwood.org\/index.php?rest_route=\/wp\/v2\/posts\/2104\/revisions"}],"predecessor-version":[{"id":2115,"href":"https:\/\/fijihardwood.org\/index.php?rest_route=\/wp\/v2\/posts\/2104\/revisions\/2115"}],"wp:attachment":[{"href":"https:\/\/fijihardwood.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fijihardwood.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fijihardwood.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}