MTCC to distribute dividends of MVR 2.60 per share
MTCC had garnered a total of MVR 1.29 billion last year, out of which 145.4 million is profit
MTCC\'s annual general assembly for 2017, held at Hotel Jen in capital city Malé
The Maldives Transport and Contracting Company (MTCC) has passed to distribute dividends of MVR 2.60 per share.
The company’s directors took a vote on the matter at the company’s annual general assembly for 2017. The event was held on Thursday night, at the presence of 501 shareholders.
MTCC had garnered a total of MVR 1.29 billion, out of which 145.4 million is profits. The company said that this a 26 percent increase compared to their profits the year before.
Most of MTCC’s income was garnered through construction and project management. The company ran a total of 63 such projects, 36 of which has been completed.
MTCC, which operates all of the state’s inter-island ferry systems, acquired 55.86 million through transport in 2017, a 37 percent increase from their transport-profits last year.
