Business

S.T.O records clean profit of MVR 288 Million: MVR 51 to be distributed per ordinary share

State Trading Organization (S.T.O) has decided to distribute MVR 51 as dividend per share at their Annual General Meeting based on their previous years earning.

The decision was taken at their AGM at Dharubaaruge on the 30th of May 2017 based on 172 shareholder’s majority vote. During the meeting, STO once again assigned KPMG as their International Audit Firm, considering they have been their audit partner for the past 2 years. Furthermore, Mr. Mohamed Firshath was assigned once again to the board of directors to represent generic shareholders for the upcoming year.

Full details are available from the link below:

Source URL: Corporate Maldives

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