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STO Reaffirms Shareholder Commitment with MVR 80 Dividend

State Trading Organization announced a dividend of MVR 80 per share from last year's profits, matching 2023's figure and marking the highest payout in 11 years, approved with 99.9% shareholder support at its Annual General Meeting. The company reported MVR 15 billion in 2024 revenue, a 6% decline, with net profit of MVR 717 million.

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What are the key figures?

Sources 1carried it 1 of 19 news outlets we monitor
Figures7as written, with their sentences

One outlet so far Only The Standard has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.

What happened

in order; days are read from the reports' words and dates
  1. Sat 17 May
    STO's Annual General Meeting approved the MVR 80 dividend with 99.9% shareholder support and 229 shareholders participating. Nasandhura Palace Hotel Saturday night only The Standard The decision was overwhelmingly approved with 99.9% shareholder support at the company's Annual General Meeting held Saturday night at Nasandhura Palace Hotel. A total of 229 shareholders took part in the meeting.

    Word for word from the report in The Standard. Open the report

How the reporting differs

one source so far

Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.

Figures in these reports

as written, with the sentence they come from
  • 99.9% shareholder support for dividend approval The Standard The decision was overwhelmingly approved with 99.9% shareholder support at the company's Annual General Meeting held Saturday night at Nasandhura Palace Hotel.

    Word for word from the report in The Standard. Open the report

  • 229 shareholders shareholders participating in AGM The Standard A total of 229 shareholders took part in the meeting.

    Word for word from the report in The Standard. Open the report

  • MVR 15 billion revenue The Standard STO recorded MVR 15 billion in revenue for 2024—a 6% decline from the previous year.

    Word for word from the report in The Standard. Open the report

    Earlier reports gave MVR 16.4 billion 9 Jun, 23:39 Maldives RepublicMVR 664.44 million 28 May, 23:00 Maldives Republic

  • 6% revenue decline The Standard STO recorded MVR 15 billion in revenue for 2024—a 6% decline from the previous year.

    Word for word from the report in The Standard. Open the report

  • 12% profit before tax decline The Standard Profit before tax also fell by 12%, totaling MVR 2.4 billion.

    Word for word from the report in The Standard. Open the report

  • MVR 2.4 billion profit before tax The Standard Profit before tax also fell by 12%, totaling MVR 2.4 billion.

    Word for word from the report in The Standard. Open the report

  • MVR 717 million net profit The Standard After tax deductions, STO's net profit stood at MVR 717 million.

    Word for word from the report in The Standard. Open the report

    Earlier reports gave MVR 81.71 million 2 Nov, 18:29 Maldives RepublicMVR 819 million 15 Jun, 23:32 Maldives Republic

Other events named

no clear day, as worded
  • Shareholders re-elected Mohamed Ahsan Saleem to the STO Board for the 2025–2026 term. The Standard In addition to approving the dividend, shareholders re-elected Mohamed Ahsan Saleem as their representative on the STO Board for the 2025–2026 term.

    Word for word from the report in The Standard. Open the report

Subjects

sectors and approved topics, alphabetical
Energy & utilitiesFinance & banking

Named in these reports

alphabetical
Mohamed Ahsan Saleem representative on the STO Board