Sygnus Real Estate Finance has reported a strong year, posting net profits of $787 million for the 12 months ending August 31.
This is more than double last year's $315 million.
The company says the performance was driven by a $1.08 billion fair value gain on investment properties and a $749 million share of profits on joint ventures, despite higher operating expenses and financial costs.
Sygnus says it remains focused on unlocking value in real estate across the Caribbean, even as it monitors potential impact from recent economic disruptions.
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