Maldives Transport and Contracting Company (MTCC) has decided to issue about USD 1.4 million, as dividend from revenue generated by the company in 2017. The decision was passed at the annual general meeting attended by over 500 shareholders.
The past year was successful in terms of rapid development, CEO of MTCC Ibrahim Ziyath said addressing the function. Ziyath noted major investments were made during the past year which served for the best interest of the company and Maldivian citizens.
Furthermore, the CEO of MTCC stated profit before tax of the company has been increasing yearly. Highlighting major projects initiated by MTCC, Ziyath said priority will be given to complete the ongoing projects, rather than signing up more contracts.
MTCC posted over USD 9.4 million as profit in 2017.