The State Trading Organisation (STO) reported a revenue of USD 234.5 million for the third quarter of this year, according to its financial statements. This marks a 3% increase compared to the previous quarter.
STO attributed the revenue growth to enhanced business performance, resulting in a total profit of USD 38.7 million, which represents a 15% rise over the prior quarter. The company recorded an operating profit of USD 16.4 million for the quarter, reflecting a 23% increase from the previous quarter.
According to the statistics, the company's net income before tax was USD 12.9 million, a 12% increase compared to the last quarter. This growth was driven by improved business operations and higher overall profits. After taxes, the company reported a net profit of USD 10 million for the quarter.