STO’s Quarter 1 Profit: MVR 114 Million

Sunday 17th of May 2020

STO’s Quarter 1 Profit: MVR 114 Million

STO has published its 1st Quarter 2020 report along with financial statements for the period, which revealed that the organization’s profit amounted to MVR 114 million. Total revenue was MVR2492 million while operating profit was MVR160 million and earnings per share was MVR101.

Key Events of 2020 Q1

1st January- Introduced Huggies Hamper for every new born at IGMH.

14th January- For the first time in the Company, STO introduced HOUSE CONCEPT for recreation of staff.

15th January- Established the first prenatal and newborn screening program in the Maldives, in association with IGMH.

2nd February- Held OncoSpectra 2.0 Symposium in association with IGMH, Dr Reddys, Hulhumale Hospital and Cancer Society of Maldives

16th February- STO transferred its shares at Addu International Airport to the Government of Maldives.

25th February- STO achieved the Gold 100 Awards for being a leading business organization in the Country. Further, STO achieved the Corporate Governance Efforts Award from the Capital Market Development Authority.

26th February- STO’s team lifted the gold trophy of the Hitachi 5th Inter-office Handball Tournament in the men’s second division.

26th March- Formed Maldives State Shipping Company Pvt Ltd, with 99.99% shareholding of STO.

STO REPORT: https://bit.ly/2zKrcOZ