Sugar Investment Trust Land Holdings Ltd (SITLH) has reported strong financial results for the six-month period ending June 30, 2024. Notably, the company achieved a pre-finance profit of Rs 173.9 million, up significantly from Rs 30.4 million in 2023. This impressive growth of Rs 143.5 million highlights SITLH’s ongoing success in agricultural initiatives.
Moreover, the company’s focus on sugarcane cultivation and diversification into other agricultural activities has yielded excellent returns. Furthermore, SITLH experienced a slight reduction in financial costs, decreasing from Rs 14.3 million last year to Rs 13.7 million in 2024. This decrease reflects the company’s effective cost management.
Consequently, SITLH’s net profit surged to Rs 190.9 million, a notable increase from Rs 71.1 million in 2023. This substantial rise in net profit underscores the company’s operational strategies. Additionally, it reflects the positive impact of SITLH’s real estate holdings on overall financial performance.
As a result, the company’s land management initiatives have played a crucial role in these strong results. By diversifying its portfolio, SITLH has boosted profitability and strengthened its market position. In addition, the company’s real estate investments continue to drive growth, further contributing to its financial success.
Looking ahead, SITLH plans to expand its land management and real estate investments. These efforts are expected to contribute even more to its financial growth. As a listed entity on the Stock Exchange of Mauritius, SITLH remains a key player in the agricultural and real estate sectors.
In conclusion, SITLH’s performance in the first half of 2024 shows great promise. The company is well-positioned to continue its upward trajectory and achieve further growth.
source: https://lexpress.mu/s/benefices-passant-de-rs-304-m-a-rs-1739-m-en-un-an-539201
