GMIZL Earns MVR31 Million in Q1 of 2019

Greater Male’ Industrial Zone Limited (GMIZL) has earned MVR 31 million in the first quarter of 2019.

The income was earned from the land areas of Gulhi Falhu and Thilafushi, as per quarterly report by Privatization and Corporatization Board (PCB).

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These earnings are 5.12% rise compared to last year of the first quarter.

GMIZL earned MVR23 million from Thilafushi industrial zone in 2019, which is an increase of 7.29% compared to 2018.

In the case of Gulhi Falhu, the profit earned by GMIZL is almost equivalent to 2018 with MVR7.3 million.

However, the earnings by the means of the apartments in Gulhifalhu fell by 16.4% compared to 2018.

The net profit earned in the first quarter of 2019 by GMIZL decreased by 11% compared to 2018 with MVR17 million.

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