Fenaka and RDC racked up MVR 437M in losses last year

5 days ago

Fenaka Corporation and Road Development Corporation (RDC) alone racked up MVR 437 million in losses last year, according to the 2024 report publicized by the Privatization and Corporatization Board (PCB). The report shows Fenaka racked up MVR 208 million in losses last year. This figure, though high, is still lower than the MVR 811 million in losses it accumulated in 2023. The