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Maldives Transport and Contracting Company (MTCC) will hold its Annual General Meeting (AGM) on September 27.
According to MTCC, the AGM will be held through the Maldives Securities Depository (MSD)'s online portal ' FahiVote'.
Shareholders and other relevant participants must register via the website infinity.mv or by emailing necessary documents to [email protected] before books close on September 25.
In June, MTCC's Board of Directors approved to distribute a dividend of MVR 2 per share for the year 2019.
MTCC recorded a profit of MVR 53.3 million last year, an uptake of nearly double the amount compared to MVR 34 million in 2018. The company decided to forgo distribution of its 2018 dividend due to low-profit levels.
In 2017, MTCC made MVR 145 million in profits and distributed a total of MVR 20.6 million in dividends, which amounted to MVR 2.60 per share.
The government currently owns 64.2 percent of MTCC shares while the remaining 31.15 percent of the shares are held by the general public.
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