MTDC earns Rf75,038 as Q3 clear profit
24 Dec 2011
 

Maldives Tourism Development Corporation has revealed that the company only made Rf75,038 as clear profit during this year's third quarter.

 

The company's earnings report show that it earned Rf54.4 million out of which Rf17.99 million constitutes total profit, Rf6 million as operating profit and Rf4 million as interest income.

However, as a result of Rf10 million being invested, income per share declined by 0.3 percent.

MTDC, which comprises of a government-controlled board currently has no chairman, managing director or chief executive officer and company costs are being managed through short term loans.

Nine islands have awarded to the company to develop tourist resorts but even after five years, several islands remain undeveloped.

 
 
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