BML’s profit for the past quarter totals MVR110 million
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Bank of Maldives (BML) has generated 110 million rufiyaa as profit during the first quarter of the year. The publicly owned bank’s first quarterly report for the year indicated a net revenue of 379.9 million rufiyaa. This includes 228.1 million rufiyaa obtained through income avenues such as interest.
Last year’s first quarter saw the bank generate a profit of 71.3 million MVR. The dividend for each share over the past three months reached 82 rufiyaa.
BML’s profits come on the back of a strong financial year in 2014, in which it advised a record dividend payout of 86.1 million rufiyaa to shareholders for 2014. The year saw its operating profit exceed 1 billion rufiyaa for the first time.
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