MTCC reports MVR77 million as net profit in the second quarter

Maldives Transport and Contracting Company (MTCC) has reported a net profit of MVR 77 million in the second quarter of this year.

According to the company’s quarterly report, this is MVR 8.23 per share. The net profit is an increase of MVR 14 million compared to the second quarter of last year.

MTCC earned MVR 593 million as revenue in the second quarter of this year. MVR 423 million was generated during the same period last year. The company had an operating profit of MVR 93 million while in 2021 it stood at MVR 83 million.

MVR 1.1 billion was generated by the end of the first two quarters of this year. MVR 130 million was generated as net profit in the two quarters.

MTCC’s profits have been increasing year after year. 

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Ibrahim Yaafiu

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