Maldives Transport and Contracting Company (MTCC) has passed to distribute MVR 11 million as dividend earnings for 2015.
An MVR 50 face value share will have earned the dividend holder MVR 22 for 2015. In 2014, MTCC had 250,000 shares; in 2015, the number increased to 500,000 shares after the company passed to offer a share for a share as earnings for the year.
Therefore, based on the values of the actual shares at 2014, every share had earned MVR44. This is a record amount in the company’s history.
The company earned MVR 204.44 million as operational profit for 2015; the post-tax profits were MVR 156.38 million.
MTCC had invested in many corporate social responsibility projects owing to their business success for last year.
Speaking in the company’s anniversary, Housing Minister Dr. Mohamed Muizz said MTCC was a company that carried out the projects assigned to the company efficiently, praising the management for leadership and increasing the profits.
MTCC to distribute record profits
