STO Approves MVR 80 per Share Dividend: Highest Payout in 17 Years
State Trading Organization (STO) approved a dividend of MVR 80 per share for 2023, the highest payout in 17 years, at its annual general meeting held at Noovilu Seaplane Terminal. STO posted a profit of MVR 818 million after taxes, a 12% increase from 2022. Revenue declined due to falling global fuel prices. The AGM also appointed Deloitte as external auditor and approved a revised charter aligning with amendments to the Companies Act.
State Trading Organization (STO) approved a dividend of MVR 80 per share for 2023, the highest payout in 17 years, at its annual general meeting held at Noovilu Seaplane Terminal. STO posted a profit of MVR 818 million after taxes, a 12% increase from 2022. Revenue declined due to falling global fuel prices. The AGM also appointed Deloitte as external auditor and approved a revised charter aligning with amendments to the Companies Act.
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State Trading Organization (STO) approved a dividend of MVR 80 per share for 2023, the highest payout in 17 years, at its annual general meeting held at Noovilu Seaplane Terminal. STO posted a profit of MVR 818 million after taxes, a 12% increase from 2022. Revenue declined due to falling global fuel prices. The AGM also appointed Deloitte as external auditor and approved a revised charter aligning with amendments to the Companies Act.
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