Friday, March 24, 2023
DhiDaily - English Edition
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި
No Result
View All Result
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި
No Result
View All Result
DhiDaily - English Edition
No Result
View All Result

STO to Disburse MVR 65 per Share as Dividend

Ibrahim by Ibrahim
May 31, 2022
0
STO to Disburse MVR 65 per Share as Dividend
0
SHARES
6
VIEWS

State Trading Organisation (STO) has approved the distribution of MVR 65 per share as the dividend for the year 2021.

At the annual general meeting (AGM) held at CROSSROADS Maldives, shareholders of STO approved the distribution of dividends. The amount is an increase of MVR 5 compared to the distribution of MVR 60 per share as dividend for 2020. The shareholders also approved PricewaterhouseCoopers (PwC) to audit STO and elected Abdulla Saeed to represent them at the Board of Directors.

STO stated the AGM saw the highest number of participants with 782 shareholders attending the event, with 157 shareholders attending in person, 686 participating via proxy, and some attending the event online.

STO recorded an income of MVR 11.24 billion in 2021 which is an increase of 32% compared to the previous year. STO also earned MVR 487 million as profit after tax last year which is an increase of 35% compared to previous year.

The notable growth in revenue was achieved mainly from fuel, as revenue for fuel increased by 63% compared to the previous year. Apart from the increase in fuel prices caused due to the increase in the purchase price, significant growth was achieved from the increase in the quantity sold as tourism started bouncing back.

Tags: STO

Related Posts

HDC Launches Maldives’ First Ceramic Arts and Pottery Studio
Business

HDC Launches Maldives’ First Ceramic Arts and Pottery Studio

March 23, 2023
Ministry of Islamic Affairs to distribute donated dates from Saudi Arabia
Local

Ministry of Islamic Affairs to distribute donated dates from Saudi Arabia

March 23, 2023
Jumhoory Party and Nasheed’s Faction Begin Drafting Joint Manifesto for Presidential Election
Local

Jumhoory Party and Nasheed’s Faction Begin Drafting Joint Manifesto for Presidential Election

March 23, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
BML Navigates Stormy Seas: Speculation of Complicity in Scam Calls

BML Navigates Stormy Seas: Speculation of Complicity in Scam Calls

March 12, 2023
Italian Cruise Ship Costa Deliziosa Arrives in Maldives

Italian Cruise Ship Costa Deliziosa Arrives in Maldives

February 5, 2023
MTCC Launches Online Top-Up Service for Dhathuru Card

MTCC Launches Online Top-Up Service for Dhathuru Card

April 19, 2021
Fire Breaks Out in Vakkaru Resort

Fire Breaks Out in Vakkaru Resort

December 14, 2021
Stewart Fired as CEO of MACL

Stewart Fired as CEO of MACL

1
Speaker Nasheed Undergoes Multiple Successful Surgeries

“I Will Not Compete Against President Solih” – Nasheed

1
Cat Strangling Video Receives Backlash

Cat Strangling Video Receives Backlash

1
UK Prime Minister Boris Johnson Reveals His Cautious Lockdown Easing Plan

UK Prime Minister Boris Johnson Reveals His Cautious Lockdown Easing Plan

0
HDC Launches Maldives’ First Ceramic Arts and Pottery Studio

HDC Launches Maldives’ First Ceramic Arts and Pottery Studio

March 23, 2023
Ministry of Islamic Affairs to distribute donated dates from Saudi Arabia

Ministry of Islamic Affairs to distribute donated dates from Saudi Arabia

March 23, 2023
Jumhoory Party and Nasheed’s Faction Begin Drafting Joint Manifesto for Presidential Election

Jumhoory Party and Nasheed’s Faction Begin Drafting Joint Manifesto for Presidential Election

March 23, 2023
Man arrested for assaulting woman in viral video, remanded in custody by Madaveli court

Man arrested for assaulting woman in viral video, remanded in custody by Madaveli court

March 23, 2023

Recent News

HDC Launches Maldives’ First Ceramic Arts and Pottery Studio

HDC Launches Maldives’ First Ceramic Arts and Pottery Studio

March 23, 2023
Ministry of Islamic Affairs to distribute donated dates from Saudi Arabia

Ministry of Islamic Affairs to distribute donated dates from Saudi Arabia

March 23, 2023
Jumhoory Party and Nasheed’s Faction Begin Drafting Joint Manifesto for Presidential Election

Jumhoory Party and Nasheed’s Faction Begin Drafting Joint Manifesto for Presidential Election

March 23, 2023
Man arrested for assaulting woman in viral video, remanded in custody by Madaveli court

Man arrested for assaulting woman in viral video, remanded in custody by Madaveli court

March 23, 2023
DhiDaily - English Edition

© 2022 Dhidaily

  • About
  • Advertise
  • Privacy & Policy
  • Contact

No Result
View All Result
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި

© 2022 Dhidaily