dividends

According to UTOF Chief Executive Officer, Vilash Chand, the accumulative dividend payment is for the years 2020, 2021 and half of this year (January to June 2022).

Minister Koanapo who is currently in Fiji, commended UTOF for the outstanding performance and dividends paid to VNPF and definitely will contribute to the income earnings of VNPF for the direct benefit of Ni-Vanutuans.

UTOF is one of VNPF’s offshore investments.

VNPF invested around VT200 million (US$1.6 million) in UTOF in 2018 and has been receiving dividends since then.

The Minister of Finance and Economic Management Johnny Koanapo and the Minister of Infrastructure and Public Utilities Jay Ngwele accepted the dividend payment on behalf of shareholders.

“Once again, Interchange proves itself an outstanding success as a local company and Government investment, and a world-class player when it comes to bringing nation-building technology to our island nation,” said Koanapo.