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Notification of Change in Dhiraagu Accounting Period

Please be informed that the accounting period of Dhivehi Raajjeyge Gulhun Plc (“Dhiraagu”) which currently runs from 1 April – 31 March has been changed as follows in order to maintain consistency with that of our new majority shareholders, BTC Islands Limited (Batelco Group) and to avoid preparation of two sets of books for each financial year:
  • for 2013 to have a nine (9) month accounting period from 1 April 2013 – 31 December 2013; and
  • to start a new accounting period commencing 1 January 2014 following the Gregorian Calendar (i.e. 1 January – 31 December) henceforth.
Accordingly, upon obtaining the required consent from Maldives Inland Revenue Authority, the change was effected on 27 June 2013 via a Board Resolution of Dhiraagu.

Please note that the change in the accounting period would not have any adverse impact on the operations or the performance of Dhiraagu. 

Issued by:
Dhiraagu Investor Relations
7 July 2013

For information:
Maryam Manal Shihab
Company Secretary / Manager Investor Relations
Phone: 3311775
Email: manal@dhiraagu.com.mv

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