Maldives Ports Limited (MPL)’s CEO Mohamed Wajeeh has said that the company aims to increase its revenue to MVR 100 million by the end of this year.
In an interview with the state media, Wajeeh said the company has made significant strides in improving its services in the past year, as part of its efforts to enhance performance and profitability.
Wajeeh said additional container space has been created to facilitate streamlined services, a change which has contributed to increased revenue. According to Wajeeh, MPL used to earn between MVR 60 million and MVR 70 million per month, but with this change, monthly revenue has risen to MVR 92 million.
Noting that expanding the maritime sector and strengthening the economy remains a priority, Wajeeh said new businesses launched by MPL under the government’s policies will bring positive changes to the Maldivian economy. The recent launch of bunkering services and sea-to-air cargo services has expanded the company’s services and contributed to its financial growth, he noted.
