MTCC reports MVR72.55mn profit-before-tax for Q1-2021

Photo: MTCC

Maldives Transport and Contracting Company (MTCC) on Saturday, 02 May reveals its financial position for the first quarter of 2021.

Moreover, according to MTCC, the company made a profit before tax of MVR72.55 million.

Furthermore, the earnings for review quarter also mark a 16.40% increment in comparison with the corresponding quarter of 2020.

MTCC in their latest press release attest a quarterly revenue of MVR423.12 million for Q1-2021.

On the other hand, the revenue for Q1-2020 stood at MVR353.53 million.

The company’s operating profit for the review quarter hit MVR82.31 million whereas in the same period last year, it stood at MVR72.44 million.