The Maldives Transport and Contracting Company (MTCC) has decided to set their dividends at MVR 24 per share.

This was decided at MTCC’s general assembly for 2016, which was held at the Dharubaaruge in Malé City on Tuesday night.

MTCC had garnered a total of MVR 1.3 billion, with 115.3 million being profits.

The corporation has announced that it had spent 124 million on expanding various ventures.

MTCC’s profits for 2016 are 26 percent lower than that of the year before.