State Trading Organisation (STO) has approved the distribution of a dividend of MVR 60 per share for the 2020 financial year at their Annual General Meeting.
During today’s virtual Annual General Meeting, shareholders approved the distribution of the board of directors’ recommended dividend of MVR 60 per share. Furthermore, Aminath Rushma retained her position as the public shareholder representative on the board of directors.
According to STO’s annual financial report, the company recorded a total revenue of MVR 8.5 billion for 2020, down MVR 2.4 billion from the previous year.
The company recorded a profit of MVR 127 million this year, compared to MVR 383 million in 2019