STO Earns MVR 46.6 Million in First Quarter

State Trading Organization (STO) has earned MVR 46.6 million in profits in the first quarter of 2018.

According to STO’s financial reports, they earned MVR 2.2 billion in profit in the first quarter of the year. STO earned MVR 2.02 billion in profit during the first quarter of last year – with MVR 44.4 million as gross profits.

This year, STO spent MVR 1.9 billion during the first quarter, and earned MVR 269 million after cutting costs.
STO paid MVR 10.6 million in tax during the first quarter of this year.

STO’s share dividend is at MVR 41.37 per share as per the profit in the first quarter.

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