{"id":6172,"date":"2023-06-01T13:45:48","date_gmt":"2023-06-01T08:45:48","guid":{"rendered":"https:\/\/mbt.mv\/?p=6172"},"modified":"2023-06-01T13:45:48","modified_gmt":"2023-06-01T08:45:48","slug":"sto-announces-dividends-at-mvr-77-per-share","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=6172","title":{"rendered":"STO announces Dividends at MVR 77 per share"},"content":{"rendered":"<p>State Trading Organization&#8217;s (STO) board of directors has announced a dividend of MVR 77 per share.<\/p>\n<p>The board decided with the dividend based on the company&#8217;s profitable performance in 2022. The approved dividend is MVR 12 per share higher than the dividend distributed in 2021.<\/p>\n<p>During the Annual General Meeting held at Central Park, STO board endorsed the appointment of Mohamed Ahsan Saleem as a new board director, representing general shareholders.<\/p>\n<p>STO appointed PriceWaterhouseCoopers (PwC) as their official auditor for the 2023 fiscal year.<\/p>\n<p>STO reported a gross revenue of MVR 18.2 billion in 2022, a significant bump from the MVR 10.2 billion earned in 2021. The company&#8217;s profit expanded, reaching MVR 2 billion compared to the MVR 1.5 billion in 2021.<\/p>\n<p>The largest state-owned enterprise (SOE) retained a net profit of MVR 742 million, marking a 52% growth compared to 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State Trading Organization&#8217;s (STO) board of directors has announced a dividend of MVR 77 per share. The board decided with the dividend based on the company&#8217;s profitable performance in 2022. The approved dividend is MVR 12 per share higher than the dividend distributed in 2021. During the Annual General Meeting held at Central Park, STO<\/p>\n","protected":false},"author":4,"featured_media":6173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423],"tags":[49,104,1982,1990,1991],"class_list":{"0":"post-6172","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-agm","9":"tag-annual-general-meeting","10":"tag-state-trading-organization","11":"tag-sto","12":"tag-sto-annual-general-meeting"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>STO announces Dividends at MVR 77 per share - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=6172\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STO announces Dividends at MVR 77 per share - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"State Trading Organization&#8217;s (STO) board of directors has announced a dividend of MVR 77 per share. The board decided with the dividend based on the company&#8217;s profitable performance in 2022. The approved dividend is MVR 12 per share higher than the dividend distributed in 2021. 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