Maldives Transport and Contracting Company (MTCC) held its Annual General Meeting 2021 on 19th May 2022 at Kurumba Maldives via MSD “Fahivote”. A total of 556 shareholders participated, representing a total of 5,629,805 shares.
The shareholders of the company have approved the distribution of MVR 3.50 per share as dividend for the year 2021. The meeting had the participation of 69 shareholders who represent 70% of shares in the company, valued at MVR 5.6 million. Moreover, PricewaterhouseCoopers was appointed as MTCC’s auditor for this year at the AGM.
For the year 2021, MTCC reported a Profit Before Tax of MVR 272 million, the best financial performance in MTCC’s 41-year long history which is an increase of 21% compared to the financial performance of the company in 2020.