The State Trading Organization (STO), the government's main trading company, has decided to distribute MVR 80 per share from last year's profits.

This amount was approved at the company's Annual General Meeting held tonight at Nasandhura, with 99.9 percent of the votes from the participants. 229 shareholders from STO participated in tonight's meeting.

While approving MVR 80 per share from last year's profit, this is the same amount decided for distribution in 2023 as well. This is the highest amount decided to be distributed per share in the past 11 years.

STO earned MVR 15 billion as revenue last year. This is six percent less compared to the revenue of the previous year.

In addition to revenue, the profit earned by STO last year has also decreased by 12 percent compared to the previous year. STO earned MVR 2.4 billion as profit last year.

And after deducting taxes, the net profit for last year was MVR 717 million.