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Home » StarAfrica’s assets double on revaluation gains
Companies & Markets

StarAfrica’s assets double on revaluation gains

written by Almot Maqolo, Staff Writer 0 comments
In its financial statement, the company highlighted that the revaluation gains were attributable to land, buildings, and plant machinery, which saw significant value adjustments.
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STARAFRICA Corporation (StarAfrica) says the value of its property, plant, and equipment (PPE) increased by 103 percent to ZiG264,71 million for the six-months to September 30, 2024 from ZiG130,4 million as of March 31, 2024 reflecting its strategic focus on enhancing its operational infrastructure.The increase in PPE was largely driven by a revaluation surplus of…

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