MTCC AGM 2020 Concludes, Highest Dividend Declared in the Company’s History

Maldives Transport and Contracting Company has concluded its Annual General Meeting 2020 conference held via FahiVote portal on June 20, 2021.  
 
A total of 37 shareholders participated in the conference which was representation of a total of 5,551,957 shares. During the meeting, important decisions on the director’s report, audit report, and representatives for the board were made.  
 
MTCC yielded a profit of MVR 191 million out of its MVR 1.38 billion income for the year 2020. This is an increment of 258% compared to the previous year’s MVR 53 million in profit.  
 
For the first time in the history of the company, MTCC also announced the highest dividend to be distributed per share, which is MVR 3. moreover, Price Waterhouse Cooper (PwC) was elected as the company’s external auditor for a value of MVR 385,500.