The State Trading Organization (STO) will be distributing MVR 65 per share as a dividend payout for 2021.
STO held its annual General Meeting at Crossroads Maldives on Monday night. While 782 shareholders were in attendance at the event, they approved to distribute MVR 65 per share. This profit is higher than the amount distributed in the previous year.
A shareholder representing public shareholders was appointed at the AGM. The shareholders also approved to appoint world-renowned audit firm PWC to audit the company.
STO's business improved last year, generating a total revenue of MVR 10.1 billion. This is a 41 percent increase compared to the previous year. The STO Group posted a net profit of MVR 1.9 billion, an eight percent increase compared to the previous year.
