WILLEMSTAD - In a significant move, the Port Authority (CPA) has distributed dividends totaling more than 1.3 million for the fiscal year 2017. This crucial decision comes on the heels of a favorable recommendation from SBTNO, the corporate governance advisor. Notably, the advisor expressed no reservations regarding this dividend allocation.
The CPA, a government-owned entity, proudly announced a comprehensive profit of 2.9 million for the fiscal year 2017. As a part of its financial distribution strategy, a segment of this profit will enrich the public treasury. Simultaneously, another portion of the earnings will be directed towards the co-shareholder, APC.