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STO Q3 Earnings: Revenue Up 9%, Profit More Than Doubles for First Three Quarters

State Trading Organisation (STO) reported Q3 2023 revenue of MVR 4.1 billion, up nine percent from Q2, while Q3 total profit fell five percent to MVR 760 million. For the first three quarters, after-tax profit reached MVR 942 million, an increase of MVR 469 million over the same period last year.

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What are the key figures?

Sources 1carried it 1 of 19 news outlets we monitor
Figures10as written, with their sentences

One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.

What happened

in order; days are read from the reports' words and dates
  1. Sun 29 Oct
    STO announced its Q3 2023 earnings report, stating Q3 revenue rose nine percent from Q2 to MVR 4.1 billion. on Sunday only Maldives Republic State Trading Organisation (STO) posted a third quarter (Q3) revenue of MVR 4.1 billion, up nine percent from the second quarter (Q2), the company announced on Sunday.

    Word for word from the report in Maldives Republic. Open the report

How the reporting differs

one source so far

Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.

Figures in these reports

as written, with the sentence they come from
  • MVR 4.1 billion STO Q3 revenue Maldives Republic State Trading Organisation (STO) posted a third quarter (Q3) revenue of MVR 4.1 billion, up nine percent from the second quarter (Q2), the company announced on Sunday.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 760 million STO Q3 total profit Maldives Republic the state-owned company’s total profit in Q3 stood at MVR 760 million, which marked a five percent decline compared to Q2, according to the published data.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 390 million STO Q3 operating profit Maldives Republic STO reported an operating profit of MVR 390 million in Q3, with a pre-tax profit of MVR 331 million and MVR 271 million after tax – a 10 percent drop compared to Q2.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 331 million STO Q3 pre-tax profit Maldives Republic STO reported an operating profit of MVR 390 million in Q3, with a pre-tax profit of MVR 331 million and MVR 271 million after tax – a 10 percent drop compared to Q2.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 271 million STO Q3 after-tax profit Maldives Republic STO reported an operating profit of MVR 390 million in Q3, with a pre-tax profit of MVR 331 million and MVR 271 million after tax – a 10 percent drop compared to Q2.

    Word for word from the report in Maldives Republic. Open the report

  • 10 percent Q3 after-tax profit drop vs Q2 Maldives Republic MVR 271 million after tax – a 10 percent drop compared to Q2.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 942 million After-tax profit for first three quarters Maldives Republic the company posted an after-tax profit of MVR 942 million as of September 2023, an increase of MVR 469 million over the same period last year.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 469 million Increase in after-tax profit year on year Maldives Republic an increase of MVR 469 million over the same period last year.

    Word for word from the report in Maldives Republic. Open the report

  • 82 percent State ownership of STO Maldives Republic While the state owns 82 percent, the remaining 18 percent is publicly held.

    Word for word from the report in Maldives Republic. Open the report

  • 18 percent Publicly held share of STO Maldives Republic While the state owns 82 percent, the remaining 18 percent is publicly held.

    Word for word from the report in Maldives Republic. Open the report

Subjects

sectors and approved topics, alphabetical
Finance & bankingTrade & customs

Named in these reports

alphabetical
Abdullah Saeed Chief Executive Officer and Managing DirectorState Trading Organisation (STO)