Profits plunge for state-run businesses in 2018 last quarter

Statistics show a 12 percent decrease in profits generated by state-run companies in the last quarter of 2018, compared to the last quarter of 2017.

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Senior officials of MTCC speaking at a press conference. Profits of state-run companies decrease in 2018's last quarter.

Shahudha Mohamed

2019-04-25 13:53:59

Statistics show a 12 percent decrease in profits generated by state-run companies in the last quarter of 2018, compared to the last quarter of 2017.

The total profit generated in 2018's last quarter stood at MVR 1.1 billion while a profit of MVR 1.3 billion was generated in 2017's last quarter. This is a decrease of MVR 159.6 million.

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