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EFL records huge profit, pay rise for staff – FBC News

Power Fiji Restricted doced a $96 million revenue earlier than taxes in 2021, regardless of a 20% drop in gross sales.

Chief Authorities, Hasmukh Patel says this has been potential by way of strategic planning, exhausting work, and sacrifices of EFL administration and staff.

In consequence, starting this Wednesday, EFL Pays over $2.3 million in efficiency bonus to its complete 2021 workforce.

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“Truly, the yr 2021 was a doc yr for EFL When it Includes revenueability. We achieved a revenue diploma of some $96 million earlier than tax and that has been The very biggest ever doced Inside the historic previous of Fiji Electricity Authority or Power Fiji Ltd.”

An estimated 850 staff under The prime of Division pay grade Can additionally acquire a 5 % increment, which Shall be backdated to January 1, 2022.

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“Really 2022 has been a problem as a Outcome of the oil prices has actually sored extreme.”

Minister for Financial system, Aiyaz Sayed-Khaiyum says the energy enterprise is revolutionizing as demand continues To enhance.

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“Power, of course, Now’s a essential An factor of any society. Electrifying people and their homes and so on is essentially important. Everyone calls for electrification. Even In all probability the most distant places in …….

Source: https://www.fbcnews.com.fj/news/efl-records-huge-profit-staff-get-pay-rise/

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