Tonga Communications Corporation’s results for 2020-2021 Financial Year
The public enterprises’ ICT Sector Shared Board declared a dividend of $782,048.69 at its 2022 Annual General Meeting in Nuku’alofa on May 5.
The Shareholder, the Government of Tonga, was represented by the Minister for Public Enterprises and Deputy Prime Minister of Tonga, Hon. Poasi Tei, accompanied by the CEO for the Ministry of Public Enterprises, Mr Sione ‘Akau‘ola.
The Chairman, Mr Timote Katoanga, welcomed Hon. Tei to the ICT Sector Shared Board AGM, for the financial year ended on 30 June 2021, at the Fa‘onelua Center.
The directors declared a dividend of $782,048.69 to be paid out for financial year 20120-21. This amount was 75% of Net Profit after Tax.
The Chairman of the Board, Mr Timote Katoanga, presented the dividend to the shareholder, while the amount was electronically transferred live from TCC’s Operation Account to the Government’s Operation Account, using BSP’s online payment system. The transfer receipt was shown on the screen at the background.
On behalf of the shareholder, the Hon. Tei expressed his sincere gratitude to the chairman, directors, acting CEO, management and staff of TCC upon receiving the dividend and for their hard work and dedication during the financial year.
--
