STO annual general assembly to be held on 16th May
The company’s board of directors in April set the dividends for last year at MVR 58 per share
STO headquarters in capital city Malé
The State Trading Organization (STO) will hold their annual general assembly on 16th May.
STO, the state’s main wholesale and retail arm, will be giving out dividends to its shareholders and publicising their year-end report at the general assembly.
The company’s board of directors in April set the dividends for last year at MVR 58 per share.
For 2017, STO distributed dividends at MVR 55 per share; the company made MVR 7.5 billion in that year, with 211 million in profit.
In the first quarter of 2018, STO made 46 million, it made 47 million in the second quarter, and 65 million in the third quarter.
STO has made managerial reforms after the change in government following the 2018 presidential election.
