STO posts net profit of almost half a billion

1 day ago

State Trading Organization (STO) states it generated a net profit of MVR 487 million in 2021. The 2021 annual report and audited financial reports released by STO on Sunday show the company earned a revenue of MVR 10.2 billion. The figure was a 41 percent increase compared to 2020. The gross profit was MVR 1.5 billion – a 15 percent improvement, and