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STO posts MVR 281 million profit as operating earnings jump 23% in third quarter
State Trading Organization (STO) reported a net profit of MVR 281 million for the third quarter of 2026, with operating profit up 23% to MVR 400 million despite a 7% decline in revenue attributed to lower global fuel prices. Gross profit margin improved to 11.4% and the company's share price rose 12.7% to MVR 2,400 during the quarter.
LatestSTO posts MVR 281m net profit in third quarterOne Online, 30 Oct, 00:07
Different words do not mean different facts: the cards above compare headline wording only.
Who reported it, and when
4 outlets, over 9 h
The Standard29 Oct, 15:07 · first report
The Edition29 Oct, 18:15 · 3 h 8 min later
One Online30 Oct, 00:07 · 9 h later
State Trading Organization29 Oct · time not given
29 Oct, 15:0730 Oct, 00:07
Newest report: One Online, 30 Oct, 00:07. Reports with a date and no time are listed but not placed on the line.
Claims side by side
figures and events as extracted, each with its sentence
2 agreed0 written differently20 from one source
Agreed
More than one source gave the same figure or event.
Operating profit change quarter-on-quarter23%The Standard23 per centOne Onlineoperating profit surged by 23% to MVR 400 million, compared with MVR 324 million in the previous quarter
Only one source we monitor stated it. That is a gap in what we monitor, not a doubt about it.
net profit, previous quarter second quarterMVR 279 millionThe EditionSTO reported a net profit of MVR 279 million in the second quarter, while its third quarter profit was lower than the MVR 286 million recorded during the same period last year.
net profit, same period last year same period last yearMVR 286 millionThe Editionits third quarter profit was lower than the MVR 286 million recorded during the same period last year.
revenue, third quarter third quarterMVR 6.5 billionThe EditionSTO’s revenue fell by 7 percent quarter on quarter to MVR 6.5 billion, down from MVR 6.9 billion in the second quarter.
revenue, second quarter second quarterMVR 6.9 billionThe EditionSTO’s revenue fell by 7 percent quarter on quarter to MVR 6.5 billion, down from MVR 6.9 billion in the second quarter.
operating profit, third quarter third quarterMVR 400 millionThe EditionSTO’s operating profit rose by 23 percent from the second quarter to MVR 400 million in the third quarter.
operating profit increase, from second quarter from the second quarter to the third quarter23 percentThe EditionSTO’s operating profit rose by 23 percent from the second quarter to MVR 400 million in the third quarter.
7%Revenue declineThe Standardrepresenting a 7% decrease from MVR 6.98 billion in the second quarter
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MVR 279 millionnet profit, previous quarterThe EditionSTO reported a net profit of MVR 279 million in the second quarter, while its third quarter profit was lower than the MVR 286 million recorded during the same period last year.
Word for word from the report in The Edition. Open the report
MVR 286 millionnet profit, same period last yearThe Editionits third quarter profit was lower than the MVR 286 million recorded during the same period last year.
Word for word from the report in The Edition. Open the report
MVR 6.5 billionrevenue, third quarterThe EditionSTO’s revenue fell by 7 percent quarter on quarter to MVR 6.5 billion, down from MVR 6.9 billion in the second quarter.
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MVR 6.9 billionrevenue, second quarterThe EditionSTO’s revenue fell by 7 percent quarter on quarter to MVR 6.5 billion, down from MVR 6.9 billion in the second quarter.
Word for word from the report in The Edition. Open the report
7 percentrevenue decline, quarter on quarterThe EditionSTO’s revenue fell by 7 percent quarter on quarter to MVR 6.5 billion
Word for word from the report in The Edition. Open the report
MVR 400 millionoperating profit, third quarterThe EditionSTO’s operating profit rose by 23 percent from the second quarter to MVR 400 million in the third quarter.
Word for word from the report in The Edition. Open the report
23 percentoperating profit increase, from second quarterThe EditionSTO’s operating profit rose by 23 percent from the second quarter to MVR 400 million in the third quarter.
Word for word from the report in The Edition. Open the report
MVR 281 millionNet profit, Q3 2026One OnlineThe State Trading Organisation (STO) recorded a net profit of MVR 281 million in the third quarter of 2026, up from MVR 186 million in the same period last year.
Word for word from the report in One Online. Open the report
12 more figures
MVR 186 millionNet profit, Q3 2025One OnlineThe State Trading Organisation (STO) recorded a net profit of MVR 281 million in the third quarter of 2026, up from MVR 186 million in the same period last year.
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MVR 6.48 billionRevenueOne OnlineSTO reported revenue of MVR 6.48 billion for the quarter, a 7 per cent decrease from MVR 6.98 billion in the second quarter, mainly due to lower global oil prices.
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7 per cent decreaseRevenue changeOne OnlineSTO reported revenue of MVR 6.48 billion for the quarter, a 7 per cent decrease from MVR 6.98 billion in the second quarter, mainly due to lower global oil prices.
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MVR 6.98 billionRevenue, previous quarterOne OnlineSTO reported revenue of MVR 6.48 billion for the quarter, a 7 per cent decrease from MVR 6.98 billion in the second quarter, mainly due to lower global oil prices.
Word for word from the report in One Online. Open the report
MVR 400 millionOperating profitOne OnlineDespite the decline in revenue, operating profit rose 23 per cent quarter-on-quarter to MVR 400 million, up from MVR 324 million.
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23 per centOperating profit changeOne OnlineDespite the decline in revenue, operating profit rose 23 per cent quarter-on-quarter to MVR 400 million, up from MVR 324 million.
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MVR 393 millionOperating expensesOne OnlineTotal operating expenses fell from MVR 449 million in the second quarter to MVR 393 million.
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MVR 449 millionOperating expenses, previous quarterOne OnlineTotal operating expenses fell from MVR 449 million in the second quarter to MVR 393 million.
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MVR 352 millionProfit before taxOne OnlineProfit before tax increased to MVR 352 million, compared with MVR 335 million in the previous quarter.
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MVR 249Earnings per shareOne OnlineEarnings per share also rose slightly from MVR 248 to MVR 249.
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MVR 18.35 billionTotal assetsOne OnlineSTO’s total assets increased to MVR 18.35 billion as at 30 September, up from MVR 17.82 billion at the end of the previous quarter.
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MVR 1.25 billionCash reservesOne OnlineIts cash reserves also grew to MVR 1.25 billion from MVR 862 million.
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Other events named
no clear day, as worded
STO reported its third quarter 2026 financial results, posting MVR 281 million net profitthird quarter of 2026MaldivesOne OnlineThe State Trading Organisation (STO) recorded a net profit of MVR 281 million in the third quarter of 2026, up from MVR 186 million in the same period last year.
Word for word from the report in One Online. Open the report
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