Sterling Investments is reporting a 222 per cent surge in net profits to $83 million for the first half of this year, on revenues of $127 million, up 76 per cent.
The company says the increase was driven by higher gains on the sale of investments and unrealised foreign exchange gains, which climbed to $49 million, compared to $12 million last year.
Managing Director Charles Ross explained that the results flowed from the sale of profitable bond positions.
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