Maldives Transport and Contracting Company (MTCC) reported a net profit of MVR130 million for the first-half of 2022.
According to the quarterly financial updates of MTCC, the company earned a revenue of MVR1.1 billion; MVR593 million earned in the second quarter and MVR550 million earned during the first quarter.
On the other hand, the net profit of the contracting and transport based company for the corresponding period in 2021 stood at MVR125 million, indicating a MVR5 million improvement in the review quarter.
The annual net profit of MTCC for 2021 reached to MVR272 million, while the year before in 2020 it stood at MVR191 million.
The company, which largely earns its lump-sum of revenue through infrastructural and developmental projects project achieving a net profit of MVR300 million before the end of 2022.