MTCC records profits of MVR 145.3 mil

MTCC Ferry

A passenger ferry operated by MTCC. PHOTO/MTCC

Male’ Transport and Contracting Company recorded profits of MVR 145.3 million in 2017.

According to annual statistics published by MTCC in 2017, the company has conducted business worth up to MVR 1.2 billion and spent MVR 982 million in doing so.

The company’s statistics show financial gains of MVR 313.9 million as net profits and gross profits of MVR 169.1 million.

MTCC stated that in 2017, profits had been recorded within all of their main businesses.

They attributed the increase in earnings largely to having invested in all of the most profitable areas. The company also pointed out that the renewing subsidies played in their favour, and boosting profits.

MTCC’s annual gathering is planned to be held in Hotel Jen on the 26th of April.

Full details are available at the link below:

Source URL: Mihaaru-Business

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