Male' Water and Sewerage Company (MWSC) has revealed its net profit for 2020 increased by five percent compared to 2019. The state-owned company made the statement in its Annual General Meeting (AGM).
During the AGM, the board of directors expressed delight the services of MWSC were provided uninterrupted despite the spread of COVID-19 in the Maldives. Noting the past year was quite successful despite challenges faced due to the pandemic, the board said the increase in the net profit in 2020 was a huge success.
The board members attributed the success to the hard work of the staff, the policies put in place to cut expenses, and the willingness of the management. They further revealed efforts are underway to develop infrastructure and to invest in developmental projects.