State Trading Organization (STO) has set MVR 58 as their dividend from the profit generated for the year 2018.

This decision was made during the board meeting of STO conducted last Sunday.

According to the annual report released by STO, their Quarter one profits stood at MVR 46 million. Second and third quarter profit was MVR 47 million while fourth quarter profit stood at MVR 65 million.

The report also reveals that 2018 profit for STO was MVR 341 million.

Even though the board has decided on MVR 58 dividend, the amount will be distributed once it is passed at the Annual General Meeting.

STO’s AGM is set to be held on May 30th.