The State Trading Organization (STO) announced plans to propose an MVR 80 per share dividend for the financial year 2023, the company's largest payout in 17 years, up from MVR 77 per share in 2022. STO reported a net profit of MVR 819 million for 2023, a 10 percent increase over 2022, with the proposal to be put to shareholders at an AGM scheduled for 15 July.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
The state-owned company's board of directors made the decision on Saturday, paving the way for shareholder approval at the AGM, which is scheduled for 15 July.
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The State Trading Organization (STO) has announced plans to propose a dividend of MVR 80 per share for 2023 at its Annual General Meeting (AGM).
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an increase from the MVR 77 per share distributed for the financial year 2022.
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STO posted a net profit of MVR 819 million for the financial year 2023, marking a 10 percent increase compared to 2022.
Word for word from the report in Maldives Republic. Open the report
Earlier reports gave MVR 177 million 26 Apr, 17:40 Maldives RepublicMVR 13.31 million 4 Feb, 13:23 Maldives Republic
STO posted a net profit of MVR 819 million for the financial year 2023, marking a 10 percent increase compared to 2022.
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The proposed dividend represents the largest payout by the company in the last 17 years
Word for word from the report in Maldives Republic. Open the report
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