Government today received a total payout of $367,000 in dividends from the Unit Trust of Fiji for 2015 and 2014.
This relates to $235,721 for 2015 and $131,000 for 2014.
Ministry of Public Enterprises permanent secretary, David Kolitagane received the dividend cheque from the Unit Trust Chief Executive Officer, Vilash Chand.
Kolitagane said the UTOF was a high performing state-owned entity with an investment portfolio of about $127 million dollars and a growth of 14 per cent since 2014.
“If we go back five years, it was a mere $68million to $70million under management so that in itself is a big achievement for the company. Only in 2014, it went past the $100million mark. For such performance, it shows the level of confidence unit holders have who are investing into UTOF,” stressed Kolitagane.
Government is trying to increase efficiency and return on investments in the Unit Trust.
The Unit Trust says confidence continues to be one of it’s major drivers with the number of unit holders growing by 3.8 per cent to 16,111 this year.