Tonga Airports Ltd declares highest dividend to Government
Tonga Airports Limited has announced a dividend of 1.3 pa’anga million payable to its shareholder the Government of Tonga.
This is the annual dividend of TAL for the year 2014/15.
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.
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, Poasi Tei, a cheque of the $1.3 million pa’anga.
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, TAL aims to encourage increased passenger traffic and aircraft movements and contribute to the growth and development of the nation.