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State Trading Organization (STO) has passed to distribute MVR 77 per share as dividend to its shareholders during the Annual General Meeting (AGM).
STO held its Annual General Meeting (AGM) 2022 on May 31, 2023, at Hulhumale’ Central Park. The amount was passed at AGM with the vote of 99 percent of the more than 300 shareholders who attended the meeting. This is the highest amount the company has approved to distribute per share in the last 16 years.
According to the STO’s Annual Report, revenue surged to MVR 18.1 billion last year. This is an increase of 79% compare to the previous year. Moreover, STO’s net profit after tax was MVR 742 million last year.
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