June 25, 2025
Operating Assets

Sterling Financial Q1 Profit: N17.2bn Surge

Sterling Financial Holdings Company Plc recorded a profit after tax of N17.2bn for the first quarter ended March 31, 2025, more than doubling the N7.5bn posted in the corresponding period of 2024. The financial services firm’s performance was driven by an increase in interest income, which rose by 42 per cent from N55.3bn in Q1

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Operating Assets

Property resellers pocket $280k average profit in first three months of 2025 despite soft market

Kelvin Davidson, chief property economist for Cotality NZ, said the figures for the March quarter tell a story of resilience. “Despite house prices still sitting about 16% below their early 2022 peak, most property owners are continuing to sell for a profit – especially those with longer ownership periods.” The median resale loss decreased slightly

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Operating Assets

Siblings complain to Real Estate Authority after property on-sells for $790k profit within weeks

They tried selling the site, but after having no luck, they were approached in May 2020 by two realtors, whose names were redacted from the decision, and asked if they would consider selling it off-market. A potential buyer was then identified by the realtors’ colleague, Elyas Salimi Sarkhab. While, at the time, Sarkhab was employed

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