The Auditor General's Office's 2024 audit report on Maldives Airports Company Limited (MACL) confirms revenue growth from MVR 7.59 billion to MVR 8.59 billion and a profit after tax of MVR 1.1 billion. The report also notes heavy infrastructure investment, including the ongoing expansion of Velana International Airport, and strong operating cash flow growth.
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The audited financials revealed a notable revenue increase of MVR 993 million, with the Group’s revenue rising from MVR 7.59 billion in 2023 to MVR 8.59 billion in 2024
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with the Group’s revenue rising from MVR 7.59 billion in 2023 to MVR 8.59 billion in 2024, driven by a recovery in air traffic
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the Group’s revenue rising from MVR 7.59 billion in 2023 to MVR 8.59 billion in 2024
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This translates into a profit after tax of MVR 1.1 billion, up from MVR 902 million the previous year — a near 21% year-on-year increase.
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This translates into a profit after tax of MVR 1.1 billion, up from MVR 902 million the previous year — a near 21% year-on-year increase.
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This translates into a profit after tax of MVR 1.1 billion, up from MVR 902 million the previous year — a near 21% year-on-year increase.
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with capital work-in-progress and property, plant, and equipment valued at over MVR 20.3 billion — a figure that accounts for 59% of total assets
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a figure that accounts for 59% of total assets, reflecting substantial investment in long-term development
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During the year, MVR 1.69 billion in new assets were capitalized, indicating major project completions that are now operational and revenue-generating.
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MACL’s total assets increased to MVR 34.3 billion, from MVR 31 billion in 2023, while retained earnings rose to MVR 8.53 billion
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Earlier reports gave MVR 48 billion 29 May, 11:28 The Standard
MACL’s total assets increased to MVR 34.3 billion, from MVR 31 billion in 2023
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Earlier reports gave MVR 48 billion 29 May, 11:28 The Standard
while retained earnings rose to MVR 8.53 billion, further strengthening shareholder equity.
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MACL’s net operating cash flows, which more than doubled to MVR 3.05 billion in 2024, compared to MVR 1.42 billion the previous year.
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more than doubled to MVR 3.05 billion in 2024, compared to MVR 1.42 billion the previous year
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according to the 2024 audit report released by the Auditor General’s Office. The report affirms MACL’s financial statements give a “true and fair view” in compliance with international standards
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