SIL reports 53% increase in nine months net profit
November 07, 2018 For the nine months ended September 30, 2018, Sterling Investments Limited (SIL) reported a 44% growth in total revenue to $138.89 million compared to $93.24 million recorded for the corresponding period in 2017. Management noted, “The company has successfully taken advantage of intermittent market selloffs and higher interest rates in the U.S. to purchase undervalued, high quality securities. The company has also effectively used low cost funding to purchase high yielding assets, thereby increasing the return to its investors. This is reflected in the company’s robust net interest margin of 87.6%. The company remains one of the most
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November 06, 2018 Please see the below graph with regards to the movement of the MJE’s Net Asset Value:
FOSRICH’s net profit soars to $71.01 million for the nine months ended September 2018
November 05, 2018 Fosrich Company Limited (FOSRICH) for the nine months ended September 30, 2018, reported a 19% growth in turnover to close the period at $945.89 million compared to the $796.24 million for the same period last year. For the third quarter the company posted an increase of 53% in revenues to close at $353.61 million relative to $231.76 million for the same quarter of 2017. Cost of goods sold showed a 23% increase, closing the period at $535.54 million relative to $436.11 million for the same period last year. For the second quarter, the company had a 69%