Kepas Wali

PNG Ports pays over K28m in tax

The payment is expected to assist the Government alleviate the impact of COVID-19 on the country.

The presentation was made this week to the Government by PNG Ports Board Chairman, Kepas Wali.

PNG Ports Limited paid K28, 467, 878.42 million to the government for taxes owing from last year as well as an advance tax payment for this year.

This along with K15 million paid earlier this year, makes PNG Ports one of the few companies to pay such a significant amount during the pandemic and the only company to make an advance tax payment.

PNG Ports records K77m profit

This was announced by Board Chairman, Kepas Wali, when declaring the unaudited annual financial results for 2019.

Chairman Wali said the outstanding performance recorded in 2019 is a result of the collaborated effort by the Board and Management in ensuring sound business decisions and prudent cost control.

Highlights of the 2019 financial year include: