WAMCO posts MVR 127.88m loss for 2022

2 weeks ago

The state-owned waste management company WAMCO posted a loss of MVR 127.88 million at the end of 2022, according to the financial audit report released by the Audit Office.  The report shows that WAMCO generated MVR 215.43 million in revenue for the year, a 23.1 percent increase from the MVR 174.98 million earned in 2021. However, WAMCO’s administrative expenses alone reached MVR