Stanley Motta Profits Climb
- Stanley Motta Limited reported a 418.1% (or $92.93Mn) increase in profit to $115.15Mn (EPS: $0.15) for the first half of the financial year ending June 30, 2019.
- The year to date (YTD) improvement in the company’s bottom-line was driven by a 118.1% (or $111.24Mn) growth in revenues, coupled with an expansion in other operating revenues which increased by 430.0% (or $43.00Mn). The increased revenues were as a result of increased total rental space and occupancy.
- SML’s stock price has fallen 4.3% since the start of the calendar year ending yesterday’s trading session at a price of $5.10 per share. At its current price, SML now trades at a 1.5% discount to its current Net asset value per share of $5.18. SML also trades a very low P/E of 1.79x earnings which is significantly below its peer average of 96.11x.
(Source: SML Financials)