The Eilat Port Company Ltd. paid last week a dividend of NIS 15.6 million to the Israeli treasury.
Last October, the port company paid a dividend of NIS 54 million on profit made in 2008- 2010. The dividend was paid during a ceremony held at the Israeli Treasury, with the participation of Finance Minister Yuval Steinitz, Rony Friedman, senior deputy director of the Government Companies Authority, Israel Meir Shamra Senior Deputy Director General of the Israeli Government Companies Authority (“GCA”) and Head of the Privatization Unit, Shabtai Tzur, Chairman of the Eilat Port, EPC CEO Avishai Cohen and Doron Slonim CFO Eilat Port.
Chairman of the Eilat Port noted that "we are proud to transfer to the owners, the state of Israel, the portion they are owed from the profits of the port. The dividend paid show the strength and economic stability of the port of Eilat. Given the world economic crisis and the consequent reduction in global shipping activity, it was no simple matter to manage the port efficiently and profitably."