STO reported a net profit of MVR 47.3 million

State Trading Organisation (STO) generated a net profit of MVR 47.3million in the second quarter of this year.

In their quarterly report, STO revealed that the company revenue consistent for both quarters, with a revenue of MVR 2.2million generated in both quarter 1 and quarter 2.

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From April to June,  the organisation gained MVR 93 million operating profit which is an increase of MVR 5 million compared to the period of January to March.

In the first quarter of 2018, STO generated a net profit of MVR 47 million which is nearly the same amount in the second quarter.

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