STO profits rise to MVR 112 mln

STO profits rise to MVR 112 mln

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State Trading Organization (STO) has stated that the company had earned MVR 112 million as profits for the first quarter of the year.

This is a 30 percent increase compared to the same period the previous year.

In the first quarter of 2015, the company earned MVR 77 million.

STO had traded goods and services worth MVR 1.2 billion, earning the company MVR 1.5 billion.