State Trading Organization (STO) has recorded MVR 109 million as net profit after tax in the first quarter of 2021.
STO received MVR 2.15 billion as revenue which consists of MVR 1.4 billion from the sale of fuel. However, STO recorded slightly more in the first quarter of 2020 with MVR 2.49 billion.
Moreover, STO recorded MVR 368.9 million as profit. MVR 153 million was recorded as operating profit, which is 7 million less than the same period in 2020.
Furthermore, STO recorded MVR 109 as net profit after tax for the first quarter of 2021, down by MVR 5 million from 2020.