Managing Director of the State Trading Organization (STO), Adam Azim has said that the net profit of the company for the month of August is MVR 45 million.
This is an increase of MVR 6 million to the MVR 39 million generated in the month of July.
Since the inception of Adam Azim as the Managing Director, STO has been very successful so far.
In the first three months of this year, STO’s profit reached MVR 131 million. This is the highest profit achieved by the company in the first three months of an year.
STO’s total profit for the year 2013 was MVR 128 million. The profit gained by the company in the first three month of this year alone is much more than the total profit gained by STO in the year 2013.
Adam Azim said that the target is to achieve a high profit without increasing the price of goods and services.
Adam Azim said that STO has held various promotions and sold goods at very cheap rates. He said that this is a remarkable success achieved by the company for gaining such a big profit without increasing the price of any good or services provided by the company.
STO’s August net profit reaches MVR 45 million
