Dhiraagu has decided to distribute USD0.40 per share as the dividend for the year 2021.
The final dividend for 2021 was passed during the 33rd Annual General Meeting (AGM) of Dhiraagu, held at Crossroads Maldives. The AGM was held in a hybrid model, with voting carried out through the FahiVote application of Maldives Securities Depository Private Limited. Five resolutions were passed during the AGM, where 71,369,648 shares and 85 shareholders were represented.
Following consideration of the financial situation of the company, Dhiraagu passed the decision to distribute USD0.40 per share as the final dividend. The dividend is made up of a USD0.27 per share final dividend proposed by the Board of Directors for 2021, and the USD0.13 per share interim dividend announced at the start of 2022.
In 2021, Dhiraagu generated a total income of USD161.8 million, which was a 1.8% increase compared to 2020. The telecommunications company generated a net profit of USD52.6 million in 2021, which was an 11% increase from the previous year.
Dhiraagu recorded the largest income from its fixed broadband and enterprise services. Revenue from these services recorded an increase last year with the improving economic situation of the Maldives post-COVID-19.