{"id":1700,"date":"2021-07-29T21:09:14","date_gmt":"2021-07-29T16:09:14","guid":{"rendered":"https:\/\/mbt.mv\/?p=1700"},"modified":"2021-07-29T21:09:14","modified_gmt":"2021-07-29T16:09:14","slug":"sto-generates-mvr110mn-in-net-profit-for-q2-2021","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=1700","title":{"rendered":"STO generates MVR110mn in net profit for Q2-2021"},"content":{"rendered":"<p><strong>Thursday, 29th July<\/strong> &#8211; State Trading Organization (STO) confirms a net profit of MVR110 million for the second quarter of 2021.<\/p>\n<p>Moreover, the largest state-owned enterprise reported the corporation generated a total revenue of MVR2,217 million (MVR2.2 billion) during the review quarter.<\/p>\n<p>As per the corporation&#8217;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.<\/p>\n<p>However, the company&#8217;s revenue as well as the subsequent net profit improved in comparison with the first quarter of the current year.<\/p>\n<p>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.<\/p>\n<p>Meanwhile the corporation&#8217;s earning per share stood at MVR98 in comparison with MVR96 during the first quarter.<\/p>\n<p>On the other hand, total expenses stood at MVR255 million during the review period along with MVR249 million as cashflow per share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thursday, 29th July &#8211; 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&#8217;s latest quarterly financial review, the operating profit of STO<\/p>\n","protected":false},"author":4,"featured_media":1701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423],"tags":[768,1979,1982,1990,2142],"class_list":{"0":"post-1700","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-general-trading","9":"tag-state-owned-enterprise","10":"tag-state-trading-organization","11":"tag-sto","12":"tag-trading"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>STO generates MVR110mn in net profit 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=1700\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STO generates MVR110mn in net profit for Q2-2021 - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"Thursday, 29th July &#8211; State Trading Organization (STO) confirms a net profit of MVR110 million for the second quarter of 2021. 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