The directors of Stanley Motta are reporting net profits of $255.9 million, on a 32-per cent jump in rental income to $556 million during the nine-month period, which ended on September 30 this year.
This represented a big increase, when compared with the net profits of $197.8 million generated on rental income of $420.5 million during the corresponding period the previous year.
This was despite an increase in administrative expenses from $155.1 million last year to $216.6 million this year.
The board's report also noted that it remains in a strong financial position with total assets of $11.4 billion as at the end of September this year, compared with $10.0 billion last year.
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