Stanley Motta’s profits dips for Q1
- For the three months ended March 31, 2020, Stanley Motta’s net profits dipped 10.3% (or $7.29Mn), despite a 10.3% (or $10.42Mn) increase in revenues. Net profits were down to $63.21Mn (EPS: 8¢) from the $70.50Mn reported in the prior year.
- The main contributor of this performance was a 93.9% (or $17.46Mn) increase in administrative expenses as well as a 104.9% (or $1.22Mn) increase in tax expenses.
- The stock price has fallen 15.1% since the start of the year. Stanley Motta Ltd. Closed Tuesday’s trading session at $5.06 and currently trades at a P/E of 14.1x which is below the Main Market Real Estate Sector Average of 15.5x.
(Source: Stanley Motta Financials)