Post Fiji records profit in 2012. After a long time

RACHNA LAL
SUVA

An increase in domestic postal rates in 2012 and dedicated cost controls have led to Post Fiji recording a profit in 2012. This is after a very long time.
The Permanent Secretary for Public Enterprises, Elizabeth Powell, confirmed this, however, did not reveal the exact figure.
She said it was a small one but still was a profit.
Ms Powell said their expectations are for the 2013 profit to be better because of the postal rate increase in late 2012.
“The postal rate increase was the boost,” she said.

Appointment of CEO
Meanwhile, on the appointment of a chief executive, Post Fiji chairman, Lawrence Tikaram has confirmed a shortlist and the best preferred candidate’s name has been submitted to the Ministry of Public Enterprises.
“This person was interviewed by independent agency and was deemed to be the best to take Post Fiji Limited into a new era,” Ms Powell said.
She said the appointment of a chief executive is being processed.
“Post Fiji has submitted their recommendations which the ministry has analysed and reviewed against other state-owned enterprises and done due diligence and it is being processed further,” she said.
“We do all sorts of things besides checking the credentials, salary and benefits and putting that into context of other state-owned enterprises.
“And we also look at the FIU’s acceptance of international acceptance and then we provide our recommendation.”
Mr Tikaram feels with all Government support, an appointment of a chief executive should provide a faster platform for change for the better of Post Fiji, its staff and customers.
“The biggest challenged for Post Fiji is to have someone appointed as soon as possible,” he said.
Feedback: rachnal@fijisun.com.fj
ALSO READ
Latest in technology >P7