State Trading Organization (STO) has reported a revenue of MVR 10.8 Billion during 2018.

This was revealed in the annual report published by the company. According to the report, the company’s revenue for the year was MVR 10.8 Billion, and their profits were at MVR 1.5 billion.

STO claimed this as a great progress for the company.

The company made their biggest revenue through sales of oil. As such, there was a 34% increase in profits through oil compared to the year before.

MVR 6.3 Billion was contributed by fuel, MVR 2.6 Billion by trading and MVR 1.3 Billion through fisheries in addition to MVR 223 Million through cooking gas and MVR 245 Million through insurance.

The Board of Directors of STO has agreed on an MVR 58 per share to be distributed among shareholders.