Profits of state-run companies dropped 20% in Q1-2024

3 months ago

The profit of state-owned enterprises (SOEs) declined 20 percent in the first quarter of 2024, reports the Privatization and Corporatization Board (PCB). In its Quarterly Review, PCB reports the total revenue of all SOEs stood at MVR 13.74 billion in the review quarter, which is a 5 percent increase from the MVR 13.09 billion observed in the same quarter last year. However,