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Stanley Motta records increase in net profit

Listed development company Stanley Motta saw an increase in net profit for the year ended December 2021.

The company's post tax earnings amounted to to $908 million versus $848 million in 2020.

This was driven by revaluation gains on investment properties amounting to $660 million  

Stanley Motta's revenues was 7 percent higher at $493 million  



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