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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Maybe now they can afford to repair those run down buses in Hulhumalé.