STO Revenue Hits MVR 4.49 Billion in Q1

State Trading Organization (STO) reported Q1 2024 revenue of MVR 4.49 billion, with operating profit of MVR 308 million and net profit of MVR 195 million, both up on Q4 2023. The company also disclosed board approvals for a share acquisition, a bunkering hub term sheet with Vitol Asia, and relocation of a fuel terminal.

First reported 1 May 2024, 22:37

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Sources 1carried it 1 of 19 news outlets we monitor

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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

Tue 30 Apr

STO published its Q1-2024 Quarterly Report. on Tuesday only Maldives Republic
reporting a first quarter (Q1) revenue of MVR 4.49 billion in 2024, according to the ‘Q1-2024 Quarterly Report’ published by the state owned enterprise (SOE) on Tuesday.
Word for word from the report in Maldives Republic. Open the report

How the reporting differs

one source so far

Maldives RepublicNews outlet

STO Revenue Hits MVR 4.49 Billion in Q1

MVR 4.49 billion STO Q1 2024 revenue

1 May, 22:37 First Open at outlet

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Figures in these reports

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MVR 4.49 billion STO Q1 2024 revenue Maldives Republic
reporting a first quarter (Q1) revenue of MVR 4.49 billion in 2024, according to the ‘Q1-2024 Quarterly Report’ published by the state owned enterprise (SOE) on Tuesday.
Word for word from the report in Maldives Republic. Open the report
MVR 308 Million STO Q1 2024 operating profit Maldives Republic
The company’s 2024 Q1 operating profit stood at MVR 308 Million; up nearly MVR 50 million, from MVR 259 million in fourth quarter (Q4) 2023.
Word for word from the report in Maldives Republic. Open the report
MVR 259 million STO Q4 2023 operating profit Maldives Republic
up nearly MVR 50 million, from MVR 259 million in fourth quarter (Q4) 2023.
Word for word from the report in Maldives Republic. Open the report
MVR 183 million STO Q4 2023 net profit Maldives Republic
up MVR 12 million, from MVR 183 million in Q4 2023.
Word for word from the report in Maldives Republic. Open the report
nearly MVR 50 million Increase in operating profit vs Q4 2023 Maldives Republic
The company’s 2024 Q1 operating profit stood at MVR 308 Million; up nearly MVR 50 million, from MVR 259 million in fourth quarter (Q4) 2023.
Word for word from the report in Maldives Republic. Open the report
MVR 12 million Increase in net profit vs Q4 2023 Maldives Republic
Net profit in Q1 was MVR 195 Million, STO said, up MVR 12 million, from MVR 183 million in Q4 2023.
Word for word from the report in Maldives Republic. Open the report
12 percent Shares to be acquired in Maldives Industrial Development Free Zone PLC Maldives Republic
Acquisition of 12 percent shares in Maldives Industrial Development Free Zone PLC
Word for word from the report in Maldives Republic. Open the report
82 percent Maldives government shareholding in STO Maldives Republic
STO is majority owned by the Maldives government, which holds an 82 percent share, with the remaining minority 18 percent held by the public.
Word for word from the report in Maldives Republic. Open the report
18 percent Public shareholding in STO Maldives Republic
STO is majority owned by the Maldives government, which holds an 82 percent share, with the remaining minority 18 percent held by the public.
Word for word from the report in Maldives Republic. Open the report

Subjects

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Energy & utilities Trade & customs

Places

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Malé

Named in these reports

alphabetical

Ibrahim H. Shihab Maldives Industrial Development Free Zone Vitol Asia