News

MTCC posts MVR 979 mln revenue in third quarter

Maldives Transport and Contracting Company (MTCC) has posted a revenue of MVR 979.3 million in the third quarter of this year.

MTCC's revenue for the third quarter increased by 34 percent compared to the second quarter of this year. MTCC posted revenue of MVR 727.1 million in the second quarter.

MTCC's operating profit for the third quarter was MVR 103.7 million, up seven percent from MVR 96.9 million in the second quarter of this year. Profit before tax for the third quarter was MVR 50.9 million and MVR 43.3 million after tax.

MTCC posted a profit of MVR 45 million after tax in the first quarter of this year compared to MVR 41.2 million in the second quarter.