The Maldives Tourism Development Corporation (MTDC) has recorded a profit of USD 1.7 million in 2020.
Financials published by the company reveals that in the fourth quarter of 2020, MTDC earned USD 945,719 as profits. In total, MTDC earned a revenue of USD 3.6 million in 2020.
This is a welcome sign for the company after reporting losses for 11 years in a row. MTDC remains hopeful for 2021 as economy is steadily recovering after the devastation of COVID-19 pandemic on Tourism and economy as a whole.