MTCC earnings: profits increase to record highs

4 އޯގަސްޓު 2017 | ހުކުރު 18:35

This is a 321 percent increase

Rushdha Rasheed | 4 އޯގަސްޓު 2017 | ހުކުރު 18:35

MTCC Tower Building

Maldives Transport and Contracting Company (MTCC) has posted record profits for second quarter of this year.

MTCC earned MVR 24 million in profits compared to MVR 5.8 million in the first quarter. This is about a 321 percent increase.

The second quarter reports state that MTCC earned MVR 341.6 million, while MVR 306.9 million was reported in the first quarter.

Last year the company passed to disbursed MVR 24 per share.

The results for the quarter improved as five major projects carried out by the company had concluded. The company is currently carrying out 61 projects.

MTCC earnings: profits increase to record highs

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MTCC earnings: profits increase to record highs

More from Raajje.mv

MTCC to become a public trading company

MTCC sets dividends at MVR 24

Record number of T-bills to go on sale

Prices of chillies drop after record highs

MIRA accepts MVR 1.2 billion as earnings for May

MTCC makes changes to operational regulations

MTCC opens opportunity to rent out vessels

Imports for February increase by 29 percent

Exports increase by seven percent, says Customs

No growth in tourism sector, 32% increase in fisheries sector: MMA