The Maldives Transport and Contracting Company (MTCC) has approved a dividend of MVR 3 per share.

The amount was approved at the 2023 Annual General Meeting of MTCC held at the Umar Zahir Building last night. 304 shareholders attended the Annual General Meeting, representing 5,540,192 shares.

The meeting approved a dividend of MVR 3 per share at a face value of MVR 5 per share for 2023 with 99.67 per cent votes.

MTCC posted a net profit of MVR 97 million last year.