Government generates MVR 1.4 billion 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.

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.

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.

Government generates MVR 1.4 billion in dividends

Comments

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Government generates MVR 1.4 billion in dividends

Comments

MMA to release MVR 5 banknote on Wednesday

BML to distribute dividends at MVR 20

STO sets dividends for last year at MVR 51

MIRA rakes in MVR 1.3 billion in March

BML Board of Directors passes to disburse MVR 20 per share

On This Day

National team heads to Singapore for friendly ahead of Asian Cup qualifier

Maldives welcomes more than 903,000 tourists

Agreements exchanged as part of Indian State Minister’s visit will foster greater collaboration: Pres.

Maldives receives over 100,000 more Covid-19 vaccine doses from U.S.

Pres. extends gratitude to U.S. for including Maldives among first countries to provide vaccine supply

CEO criticizes Dharumavantha Hospital design

Local tourism companies announce new airline, \'Manta Air\' to take off in October