State Trading Organization (STO) on Wednesday night approved MVR 77 per share as dividend from the profits of 2022.
At the annual general meeting held at the Hulhumale’ central park, shareholders approved PWC as the auditor for 2023.
According to statistics, STO earned MVR 18.2 billion as income in 2022. The amount was at MVR 10.2 billion in 2021.
The company reported a profit of MVR 2 billion in 2022 while the amount was MVR 1.5 billion in 2021. That is an increase of 41 percent.
In 2022, STO earned MVR 742 million as profit after tax which is a 52 percent increase compared to the previous year.
