Yaqara Pastoral Company Limited handed over a 3.5 million dollar dividend cheque to the Attorney-General Aiyaz Sayed-Khaiyum this morning.
The dividend payout is for the year 2013 to 2015.
Board members of Yaqara Pastoral Company Limited are optimistic that the company has potential in the production of premium beef in the country.
Fiji imports close to 18 million dollars worth of beef annually.
Permanent Secretary for Agriculture and YPCL Board Chairman Ritesh Das said there is untapped potential in premium beef production and marketing
Dass says the company will continue to work in partnership with the government in improving the sector.
The industry also played an important role in food security.
Attorney-General Aiyaz Sayed- Khaiyum says the government is willing to work with Yaqara Pastoral to realize the untapped potential it has.
The company has been in operation since 1973.