MTCC records MVR 24.1 million profit for 2012

The Maldives Transport and Contracting Company (MTCC) has made a MVR 24.1 million (US$1.5 million) profit for the year 2012.

The company’s records – according to local media – show that it made MVR 597 million (US$38.5 million) in sales last year and declared MVR 12 million (US$77,7201) as taxes.

Sun Online reported that in 2011, MTCC lost MVR 8.03 million (US$518,000) and failed to distribute dividends to its shareholders for that year.


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