STO’s June net profit reaches 53 million

BY: latheef, 30 Nov -0001

Managing Director of the State Trading Organization (STO), Adam Azim has said that the net profit of the company for the month of June is MVR 53 million.

Adam Azim said that this is a very good result even when compared to the net profit of STO for the month of May this year.

Since the inception of Adam Azim as the Managing Director, STO has been very successful so far.

In the first three months of this year, STO’s profit reached MVR 131 million. This is the highest profit achieved by the company in the first three months of an year.

STO’s total profit for the year 2013 was MVR 128 million. The profit gained by the company in the first three month of this year alone is much more than the total profit gained by STO in the year 2013.

Adam Azim said that the target is to achieve a high profit without increasing the price of goods and services.

Adam Azim said that STO has held various promotions and sold goods at very cheap rates. He said that this is a remarkable success achieved by the company for gaining such a big profit without increasing the price of any good or services provided by the company.

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