Maldives Transport and Contracting Company (MTCC) caps 2016's profit 26% below the previous year.
The public limited corporation - owned by government and shareholders - registered a net profit of MVR 115 million for the fiscal year of 2016. However this is a plummet of MVR 41 million compared to the profit figures of 2015.
The financial statement of MTCC records a revenue of MVR 1.3 billion garnered to the company. The company had actively invested MVR 18 million to procure two premium ferries and a double-decker ferry to add to its fleet, while the purchase of construction machinery cost MVR 76 million in investment.
The company's annual general meeting is scheduled for Tuesday night, while the meeting would also take decision regarding dividend price, initially assigned MVR 32 per share.
