{"id":1547,"date":"2021-07-22T11:14:19","date_gmt":"2021-07-22T06:14:19","guid":{"rendered":"https:\/\/mbt.mv\/?p=1547"},"modified":"2021-07-22T11:14:19","modified_gmt":"2021-07-22T06:14:19","slug":"mtcc-reports-mvr63mn-in-profits-for-q2-2021","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=1547","title":{"rendered":"MTCC reports MVR63mn in profits for Q2-2021"},"content":{"rendered":"<p>Maldives Transport and Contracting Company (MTCC) has reported a profit-after-tax of MVR63 million observed in the second quarter of 2021.<\/p>\n<p>According to MTCC, the corporation had made revenues amounting to MVR423 million during the review quarter, which is a 70.6% increment from the revenue generated in the corresponding quarter of 2020.<\/p>\n<p>The company&#8217;s financial report for the review quarter had further disclosed the earnings stood at just MVR248 million during the second quarter of last year, with a profit-after-tax of just MVR15 million.<\/p>\n<p>The four-fold increment is evident from the improvement in the key industries where MTCC focuses its major business activities. Moreover, economic sectors came to unprecedented standstills in 2020 due to the Covid-19 global pandemic &#8211; which handed impacted the company as well.<\/p>\n<p>Despite the economical challenges in 2020, MTCC had managed an annual profit-after-tax of MVR191 million which marked a record-high for the company while the annual net profit stood at just MVR53 million in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maldives Transport and Contracting Company (MTCC) has reported a profit-after-tax of MVR63 million observed in the second quarter of 2021. According to MTCC, the corporation had made revenues amounting to MVR423 million during the review quarter, which is a 70.6% increment from the revenue generated in the corresponding quarter of 2020. The company&#8217;s financial report<\/p>\n","protected":false},"author":4,"featured_media":1499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423],"tags":[386,1289,1362,1552,1743,1744,2150],"class_list":{"0":"post-1547","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-construction-sector","9":"tag-maldives-economy","10":"tag-maldives-transport-and-contracting-company","11":"tag-mtcc","12":"tag-quarterly-fiscal-performance","13":"tag-quarterly-profit","14":"tag-transport-sector"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MTCC reports MVR63mn in profits for Q2-2021 - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=1547\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MTCC reports MVR63mn in profits for Q2-2021 - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"Maldives Transport and Contracting Company (MTCC) has reported a profit-after-tax of MVR63 million observed in the second quarter of 2021. According to MTCC, the corporation had made revenues amounting to MVR423 million during the review quarter, which is a 70.6% increment from the revenue generated in the corresponding quarter of 2020. The company&#8217;s financial report\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=1547\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-22T06:14:19+00:00\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=1547#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=1547\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"MTCC reports MVR63mn in profits for Q2-2021\",\"datePublished\":\"2021-07-22T06:14:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=1547\"},\"wordCount\":163,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=1547#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"Construction Sector\",\"Maldives Economy\",\"Maldives Transport and Contracting Company\",\"MTCC\",\"Quarterly Fiscal Performance\",\"Quarterly Profit\",\"Transport Sector\"],\"articleSection\":[\"BUSINESS\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=1547#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=1547\",\"url\":\"https:\/\/mbt.mv\/?p=1547\",\"name\":\"MTCC reports MVR63mn in profits for Q2-2021 - Maldives Business Times\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=1547#primaryimage\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=1547#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2021-07-22T06:14:19+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/mbt.mv\/?p=1547#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mbt.mv\/?p=1547\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/?p=1547#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mbt.mv\/?p=1547#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mbt.mv\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MTCC reports MVR63mn in profits for Q2-2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mbt.mv\/#website\",\"url\":\"https:\/\/mbt.mv\/\",\"name\":\"Maldives Business Times\",\"description\":\"Maldives Business Times delivers timely and in-depth English news on business, economy, and breaking events in the Maldives.\",\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mbt.mv\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/mbt.mv\/#organization\",\"name\":\"Maldives Business Times\",\"url\":\"https:\/\/mbt.mv\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png\",\"contentUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png\",\"width\":1312,\"height\":736,\"caption\":\"Maldives Business Times\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/mvbiztimes\",\"https:\/\/x.com\/mvbiztimes\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\",\"name\":\"Mohamed Reehaan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g\",\"caption\":\"Mohamed Reehaan\"},\"url\":\"https:\/\/mbt.mv\/?author=4\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MTCC reports MVR63mn in profits for Q2-2021 - Maldives Business Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mbt.mv\/?p=1547","og_locale":"en_US","og_type":"article","og_title":"MTCC reports MVR63mn in profits for Q2-2021 - Maldives Business Times","og_description":"Maldives Transport and Contracting Company (MTCC) has reported a profit-after-tax of MVR63 million observed in the second quarter of 2021. According to MTCC, the corporation had made revenues amounting to MVR423 million during the review quarter, which is a 70.6% increment from the revenue generated in the corresponding quarter of 2020. The company&#8217;s financial report","og_url":"https:\/\/mbt.mv\/?p=1547","og_site_name":"Maldives Business Times","article_publisher":"https:\/\/www.facebook.com\/mvbiztimes","article_published_time":"2021-07-22T06:14:19+00:00","author":"Mohamed Reehaan","twitter_card":"summary_large_image","twitter_creator":"@mvbiztimes","twitter_site":"@mvbiztimes","twitter_misc":{"Written by":"Mohamed Reehaan","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mbt.mv\/?p=1547#article","isPartOf":{"@id":"https:\/\/mbt.mv\/?p=1547"},"author":{"name":"Mohamed Reehaan","@id":"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2"},"headline":"MTCC reports MVR63mn in profits for Q2-2021","datePublished":"2021-07-22T06:14:19+00:00","mainEntityOfPage":{"@id":"https:\/\/mbt.mv\/?p=1547"},"wordCount":163,"commentCount":0,"publisher":{"@id":"https:\/\/mbt.mv\/#organization"},"image":{"@id":"https:\/\/mbt.mv\/?p=1547#primaryimage"},"thumbnailUrl":"","keywords":["Construction Sector","Maldives Economy","Maldives Transport and Contracting Company","MTCC","Quarterly Fiscal Performance","Quarterly Profit","Transport Sector"],"articleSection":["BUSINESS"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/mbt.mv\/?p=1547#respond"]}]},{"@type":"WebPage","@id":"https:\/\/mbt.mv\/?p=1547","url":"https:\/\/mbt.mv\/?p=1547","name":"MTCC reports MVR63mn in profits for Q2-2021 - Maldives Business Times","isPartOf":{"@id":"https:\/\/mbt.mv\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mbt.mv\/?p=1547#primaryimage"},"image":{"@id":"https:\/\/mbt.mv\/?p=1547#primaryimage"},"thumbnailUrl":"","datePublished":"2021-07-22T06:14:19+00:00","breadcrumb":{"@id":"https:\/\/mbt.mv\/?p=1547#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mbt.mv\/?p=1547"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/?p=1547#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/mbt.mv\/?p=1547#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mbt.mv\/"},{"@type":"ListItem","position":2,"name":"MTCC reports MVR63mn in profits for Q2-2021"}]},{"@type":"WebSite","@id":"https:\/\/mbt.mv\/#website","url":"https:\/\/mbt.mv\/","name":"Maldives Business Times","description":"Maldives Business Times delivers timely and in-depth English news on business, economy, and breaking events in the Maldives.","publisher":{"@id":"https:\/\/mbt.mv\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mbt.mv\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/mbt.mv\/#organization","name":"Maldives Business Times","url":"https:\/\/mbt.mv\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/#\/schema\/logo\/image\/","url":"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png","contentUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png","width":1312,"height":736,"caption":"Maldives Business Times"},"image":{"@id":"https:\/\/mbt.mv\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/mvbiztimes","https:\/\/x.com\/mvbiztimes"]},{"@type":"Person","@id":"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2","name":"Mohamed Reehaan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g","caption":"Mohamed Reehaan"},"url":"https:\/\/mbt.mv\/?author=4"}]}},"_links":{"self":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts\/1547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1547"}],"version-history":[{"count":0,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts\/1547\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}