State Trading Organization (STO) has released its 4th Quarter report, showcasing a robust financial performance with a revenue of MVR 3.84 billion and a net profit of MVR 218 million. The company also reported an earnings per share of MVR 194, reflecting a steady growth trajectory.

During the quarter, STO made significant strides in its corporate strategy, including the discontinuation of its acquisition of shares in FENAKA, following a directive from the Ministry of Finance. Additionally, the company inaugurated a nationwide fuel storage project, aimed at ensuring affordable fuel for fishermen across the Maldives.

STO also celebrated its 60th anniversary, marking six decades of contributing to the nation's economy. The company emphasized its commitment to sustainability and community development, with major CSR initiatives focused on education, health, and infrastructure.

As STO looks ahead, it remains focused on innovation and governance, ensuring long-term value for its shareholders and stakeholders.