MTCC has announced the highest dividend ever proposed by the Board of Directors in its 42-year history and the highest revenue and operating profit ever achieved in a fiscal year.
MTCC’s annual financial report of last year showed that the company generated a revenue of MVR 2.4 billion and an operating profit of MVR 324.16 million.
With this financial result, MTCC confirms 2022 as the highest revenue and operating profit recorded year in the company's history.
Meanwhile, company's profit before tax stood at MVR 236.4 million, lower than the net profit generated in 2021.
Although the profit is lower than previous year, MTCC’s board of directors decided to distribute MVR 32.15 million as dividend at the rate of MVR 4 per share. This is the highest dividend proposed in the company's 42-year history.
Looking back on the company goals and achievements of 2022, MTCC has successfully implemented many infrastructure development projects as an important partner in the country’s infrastructure development. By 2022, the company has undertaken 65 new structural development projects and successfully completed 42 projects.
MTCC highlights the past year as a revolutionary year for the company's contribution towards development of the country's transporation sector.
The past year was also the largest year in the history for the services provided under the company's social responsibility. According to MTCC, in 2022, a total of 420 activities were conducted in the islands where the company's projects are being implemented, and financial support of MVR 43.23 million has been provided to the local communities under the company's social responsibility.
MTCC’s annual financial report of last year showed that the company generated a revenue of MVR 2.4 billion and an operating profit of MVR 324.16 million.
With this financial result, MTCC confirms 2022 as the highest revenue and operating profit recorded year in the company's history.
Meanwhile, company's profit before tax stood at MVR 236.4 million, lower than the net profit generated in 2021.
Although the profit is lower than previous year, MTCC’s board of directors decided to distribute MVR 32.15 million as dividend at the rate of MVR 4 per share. This is the highest dividend proposed in the company's 42-year history.
Looking back on the company goals and achievements of 2022, MTCC has successfully implemented many infrastructure development projects as an important partner in the country’s infrastructure development. By 2022, the company has undertaken 65 new structural development projects and successfully completed 42 projects.
MTCC highlights the past year as a revolutionary year for the company's contribution towards development of the country's transporation sector.
The past year was also the largest year in the history for the services provided under the company's social responsibility. According to MTCC, in 2022, a total of 420 activities were conducted in the islands where the company's projects are being implemented, and financial support of MVR 43.23 million has been provided to the local communities under the company's social responsibility.
