MTCC CEO Ibrahim Abdu Razzaq Haleem has said that MTCC is expected to post record amount of profits for this year.
Haleem said that last year the company had posted MVR 80 million as profits. He added that the profits in the first three quarters amounted to MVR 116 million and said that the profits is expected to be close to MVR 150 million by the year end.
Haleem further said that from 2008 onward the company was posting losses. He attributed the change in profits to the major contracts were awarded to the company post 2012.
MTCC is presently conducting 50 projects across the country. MTCC is also expanding their services in many sectors.
MTCC had introduced a 60 horsepower engine with Yanmar to the market, including the Maldives. This is the first invention created by the initiative of a local company.
MTCC expected to record profits this year: CEO
