The Maldives Transport and Contracting Company (MTCC) board has approved a dividend disbursement of MVR 4 per share for the financial year 2022, totalling MVR 32.2 million.

In a statement, MTCC announced that the dividend proposal will be presented at the upcoming Extraordinary General Meeting (EGM) on 11 June. The EGM will be conducted via the ‘Fahi Vote’ online web application of the Maldives Security Depository, according to the state-owned company.

MTCC said that the dividend will be distributed to shareholders registered in the company’s shareholder registry by 12 April 2023.

In the first quarter of 2024, MTCC reported a revenue of MVR 664.44 million with an operating profit of MVR 41.77 million.