The Maldives Transport and Contracting Company (MTCC) has decided to distribute a dividend of MVR 4 per share with a face value of MVR 5 to its shareholders for the year 2022.
The decision was made at the MTCC's special general meeting held yesterday, in which a total of 47 shareholders participated via 'Fahivote'. The current board of directors upheld the decision made by the board's former chairman to conduct a meeting for dividend repayment for 2022.
The meeting approved the proposed amendments to the company's memorandum and articles of association with the support of shareholders.
MTCC posted a net profit of MVR 196 million in 2022 after tax.
