State Trade Organisation (STO) has approved a resolution to pay out MVR 55 per share as interim dividend of 2017.

The resolution was passed with 926,070 shares at STO's annual general meeting. The sit-down had a total of 121 attending shareholders, representing 928,602 shares.

The annual general meeting compromised of the passing of resolutions and changes to the company’s Articles of Association (AoA).

STO had made a net profit of MVR 211 million in 2017.

The local giant company, last year, paid dividend at a value of MVR 51 per share for the profits made in 2016, with the company’s profits for the year at MVR 288 million.