The government has recently received a significant dividend payment of $3,902,984.77 from Yaqara Pastoral Company Limited (YPCL), representing 50 percent of the company’s net profit after tax for the combined financial years of 2018 and 2019. This payment highlights the financial viability and success of YPCL, which plays a crucial role in the agricultural sector.
The dividend check was ceremoniously presented by YPCL Chairman Uraia Waibuta to Charan Jeath Singh, the Minister for Multi-Ethnic Affairs, Culture, Heritage and Arts, during a visit that also included discussions with the Board of Directors and senior management of YPCL. During this meeting, Minister Singh emphasized the necessity for the company to focus on updating outstanding audits, which is vital for ensuring transparency and accountability in its operations.
Minister Singh underscored the strategic importance of YPCL, stating, “Yaqara Pastoral Company Limited is a brand of national significance in its own right. My role is to ensure that strategic assets such as YPCL receive the support they need to grow stronger, become more commercially robust, and deliver greater value to our people. Financial discipline and modern reporting are critical first steps in this journey.”
He expressed gratitude to the Board and management for their role in facilitating the dividend payout, emphasizing its importance in fostering economic growth and supporting community development initiatives across the region.
Chairman Waibuta reciprocated the minister’s appreciation, noting that the visit is a strong indication of the government’s dedication to enhancing the performance of public enterprises. This collaboration between the government and YPCL not only signals confidence in the agricultural sector but also sets a foundation for future growth and development in the industry.
This dividend payment reflects a positive financial outlook for YPCL and exemplifies the potential for public enterprises to contribute significantly to both the economy and local communities.