State Trading Organization (STO)’s annual general meeting for the year 2018 is to be held on the 16th of this month.
STO extended an invitation to all shareholders of the company to attend the meeting that is to be hosted at Dharubaaruge convention center at 22:00 hours.
In a meeting held on the 21st of last month, the Board of Directors of STO resolved to propose a dividend of MVR 58 per share for the year 2018.
Looking back to the year 2017, the company earned a total revenue of MVR 7.5 billion and enjoyed a profit of MVR 211 million, distributing a dividend of MVR 55 per share among the company’s shareholders.
STO profited in the four quarters of last year earning MVR 46 million in the first quarter, MVR 47 million in the second and third quarter and MVR 65 million in the last quarter of the year.
