MTCC enjoys profit of MVR 22.8 million in Q3

The Maldives Transport and Contracting Company (MTCC) has earned a gross profit of MVR 22.8 million in the third quarter (Q3) of 2013.

According the company’s Quarterly Report for the period 1 July to 30 September 2013, which was published today, sales during the period stood at MVR 151.15 million, while net profit stood at MVR 5.6 million.

The company’s gross profit, at MVR 22.8 million, is an increase of MVR 5.3 million compared with the gross profit of the second quarter of 2013. Sales also increased from MVR 138.2 million in Q2 to MVR 151.15 million in Q3.

MTCC’s debt at the end of Q3 is MVR 283.6 million.