Thursday, 29th July – State Trading Organization (STO) confirms a net profit of MVR110 million for the second quarter of 2021.
Moreover, the largest state-owned enterprise reported the corporation generated a total revenue of MVR2,217 million (MVR2.2 billion) during the review quarter.
As per the corporation’s latest quarterly financial review, the operating profit of STO stood at MVR150 million during the second quarter whereas it was at MVR153 million during the first quarter of 2021.
However, the company’s revenue as well as the subsequent net profit improved in comparison with the first quarter of the current year.
The corporation generated a revenue of MVR2,156 million (MVR2.16 billion) and a net profit of MVR109 million during the first quarter of 2021.
Meanwhile the corporation’s earning per share stood at MVR98 in comparison with MVR96 during the first quarter.
On the other hand, total expenses stood at MVR255 million during the review period along with MVR249 million as cashflow per share.