Business

STO reports increase of net profit in the last quarter of 2017

State Trading Organization PLC has reported that their net profit has increased in the last quarter of 2017, generating MVR 46 million. STO reported MVR 45 million in the 3rd quarter of 2017.

In the report released by the joint venture of Public and Private, STO revealed that their business increased in the last quarter of 2017 generating MVR 1.7 billion worth of business with a revenue of MVR 2 billion.

STO reported that their gross profit was recorded at MVR 238 in the last quarter of 2017 while they received MVR 226 as gross profit in the 2nd quarter of 2017. STO shares are valued at MVR 40.86 during this quarter.

Full details are available at the link below:

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Source URL: Corporate Maldives

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