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STO profits rise 79 percent in first half of 2011

The State Trading Organisation (STO) saw a 79 percent increase in profits in the first half of 2011. STO earned Rf39 million (US$2.5 million) more in the first half of 2011 than in the same period last year.

According to second quarter earnings published by the government company, STO made a half-year net profit of Rf88.4 million (US$5.7 million) this year.

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Posted on August 18, 2011Author Minivan NewsCategories News in BriefTags economy, first and second quarters, maldives news, STO profits

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