MTCC Closes 2021 as The Most Profitable Year in the Company’s 41-Year History

 
Maldives Transport and Contracting Company has reported a clean profit before taxes of MVR 264 million for the year 2021 – a record high in 41 years of the company’s operations. The company made this announcement after publishing the financial report of the fourth quarter of 2021.  
 
Even though the fourth quarter’s recorded profit of MVR 52.27 million before taxes was lower than 2020’s performance (MVR 80.94 million before taxes) in comparison, the overall year’s performance raised the bar record high once again.  
 
A total of 103 projects in various stages of progress are being taken up by MTCC, 10 of which were completed in the fourth quarter of 2021. 8 new projects commenced during this period, while 18 new projects were signed. Additionally, MTCC carried out interactive marketing campaigns in the quarter, also carrying out generous projects under the CSR initiative of the company. 
 
MTCC is constantly evaluating the market trends and making strategic adjustments to its plans for the upcoming months. It aims to remain at the forefront of contributing to the infrastructural developments of the country.