Maldives Transport and Contracting Company (MTCC) announces a profit of MVR 62 million for the first quarter of the 2020.
The quarterly report released by the company revealed a total revenue of MVR 353.5 million for the first quarter, a 21.8 percent increase compared to that of last year.
The company has implemented various cost cutting measures which has greatly decreased the company’s operational costs.
With a profit of MVR 52.9 million after tax for the first quarter, earnings per share increased to MVR 6.59 from MVR 3.83 of the Q4 of last year.
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