Myanmar Thilawa SEZ Holdings (MTSH) earned Ks. 8.36 billion in profits last year

Myanmar Thilawa SEZ Holdings (MTSH) earned net profits of Ks-8.36 billion including commission sales, Ks-286.5 million from Thilawa Property Development (TPD) and US$12.2 million from Myanmar-Japan Thilawa Development Company (MJTD) in 2019. 

Twenty percent of TPD is owned by Thilawa SEZ Management Committee (TSMC) and 80 percent by MTSH. 

TPD Company was established running businesses such as the construction of housing and economic infrastructures in Thilawa SEZ and selling and renting those properties. 

Despite slow progress in the real estate sector in 2019, TPD earned a net profit of Ks-286.5 million.

Forty-one percent of MJTD is owned by MTSH. MJTD takes charge of industrial development in Thilawa SEZ, market development, long-term rental and industrial operation. MJTD earned a net profit of US$12.2 million last year. 

MTSH has reviewed that such profits show the greater interest of investors in Thilawa SEZ. 

However, last year's profits decreased by 66 percent because of only six months in the 2019 financial year and low income from the property market.  

(Eleven Media Group: https://elevenmyanmar.com/news/mtsh-earned-ks-836-bn-in-profits-last-year )

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