K. Male'
|
15 Nov 2019 | Fri 17:00
STO headquarters
STO headquarters
RaajjeMV
Dividends
Government generates MVR 1.4 billion in dividends
 
public companies had revenue of MVR 7.29 million
 
a 61% increase was seen instead
 
ministry previously anticipated the state to generate MVR 874 million in dividends

The government companies have generated MVR 1.4 billion in dividends according to the statistics released by the Ministry of Finance.

The ministry previously anticipated the state to generate MVR 874 million in dividends. However, a 61% increase was seen instead.

According to the financial estimates for the first six months of the year, public companies had total revenue of MVR 7.29 billion. This includes over 2 million in revenue by State Trading Organisation (STO) and over a billion in revenue by Maldives Airports Company Limited (MACL).

The government amended regulations on dividends during the past year. Likewise, this includes a regulation that companies can only provide bonuses to employees after paying off the dividend.

Last updated at: 4 months ago
Reviewed by: Aishath Shaany
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