Dhiraagu Posts MVR 215 million in Post-Tax Profits

Dhiraagu has ended second quarter of this year with profits of MVR 215.6 million.

Their financial statements showed that earnings increased due to expansion of mobile data, fiber to the home service and enterprise service. Compared to the second quarter of the previous year, post-tax profits had increased by three percent.

Looking at their statement, the company had earned MVR 694.3 million in the previous quarter. Operating profits were at MVR 349.6 million. Dhiraagu paid MVR 35.1 million in taxes, while disbursing MVR 2.84 per share. At the end of the quarter the company’s market capitalization was at MVR 6.08 billion.

In the quarter Dhiraagu held their Annual General Meeting where 94 percent of shareholding in the company attended either in person or proxy. Dhiraagu also noted that the company’s Board had passed vital decisions in the quarter. This includes approval of the Annual Report for 2017, approval of bonus Key Performance Indicators and Performance Bonus Payout Plan for 2018, approval of interim condensed financial statements as at March 2018, nomination of a Public Director, approval of Credit Control Policy, approval of Insider Trading Policy.

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