State Trading Organization (STO) posts a net profit of MVR105 million for second quarter of 2020.
As such, the largest public limited corporation confirms its revenue for review quarter hit MVR1,299 million (MVR1.3 billion).
Meanwhile the revenue in the previous quarter hit MVR2,492 million (MVR2.5 billion).
Moreover, the operating profit of STO was at MVR156 million in the second quarter.
STO reflects a quarterly expenditure of MVR200 million for the review quarter while it was at MVR211 million in the preceding quarter.
Furthermore, STO notes following the outbreak of Covid-19 STO observed impact on elements of financial statement.
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