Dhiraagu gains profit of MVR 201 million for first three months of 2013

Dhivehi Raajjeyge Gulhun (Dhiraagu) has gained a net profit of MVR 201 million for company’s fourth quarter (January to March of 2013).

Credited as the first telecommunications provider in the Maldives, Dhiraagu gained MVR 533 million in revenue for the company’s fourth quarter, where as the company gained a revenue of MVR 510 million in the company’s third quarter last year.

The company gained a net profit of MVR 154 million for the company’s third quarter last year, which calculates to an increase of MVR 46,053 compared to the net profit of MVR 201 million in the fourth quarter this year.

The company’s fourth quarter report shows the it gained MVR 2.65 per share for the fourth quarter, where as MVR 2.05 per share was gained during the third quarter.

The company sold 40 percent of a total of MVR 11 million shares to the public for the first time in 2011.

Capital Market Development Authority (CMDA) fined Dhiraagu by MVR 30,000

Yesterday, following failure to publish its financial statements for the final quarter of 2012.