STO revenue hits MVR 5.49bn in Q1

16 hours ago

STO posted a net profit of MVR 276 million in the first quarter of this year, supported by strong revenue growth driven largely by fuel and bunkering operations. The company’s revenue for Q1 2026 reached MVR 5.49 billion, a 33 percent increase compared to the same quarter last year, when revenue stood at MVR 4.14 billion. This also reflects a significant