State Trading Organization (STO) has announced plans to achieve a net profit of MVR 1 billion by 2030, marking one of the company’s most ambitious financial targets to date. The announcement was made by STO Chief Executive Officer and Managing D…
After weeks of limited availability, 10kg cooking gas cylinders are back on sale across the Maldives following the arrival of a new shipment, bringing relief to households that had been adjusting to smaller alternatives. State Trading Organizatio…
The State Trading Organization (STO) has reported a solid financial performance for 2025, with total revenue reaching MVR 15.5 billion, according to official statistics released on Sunday. The figures point to steady growth across the company’s op…
The State Trading Organization (STO) has posted a solid profit of MVR 186 million for the third quarter of this year, marking its strongest financial performance in over a year. Revenue Growth Driven by Fuel Sales According to STO’s latest qua…
The State Trading Organisation (STO) has officially begun importing 23 food items recently added to the nation’s essential food list, reinforcing the government’s efforts to keep basic food products accessible and affordable for all Maldivians. I…
The Civil Court has ordered a former employee of the State Trading Organization (STO) to repay more than MVR 770,000 after failing to complete a company-sponsored study program abroad and resigning before his employment bond ended. STO filed a ci…
State Trading Organization (STO) has announced a net profit of MVR 574 million for the second quarter of 2025, even as total revenues dipped from the previous quarter. According to the company’s latest financial statement, STO earned MVR 3.6 bill…