Visit Maldives Profit Drops 37%
MIMihaaru – 7 days ago
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Visit Maldives reported a profit of 17 million Rufiyaa last year, a 37% decrease compared to the previous year, according to an audit report. The decline in profit is attributed to increased expenses, despite a 60% rise in revenue. Approximately 90% of Visit Maldives' expenses are covered by government aid. In 2023, the company incurred a loss of 17,997,662 Rufiyaa.