Fairvest Property Holdings (FVT) on Wednesday reported a rise in pretax profit in the six months to December to R4.99m‚ from R1.13m in the similar period a year earlier.
“Fairvest’s board of directors are pleased to announce a distribution of 0.86c per linked unit for the month ended December 31 further to the distribution of 3.71c declared for the five months to November 30‚” the company said.
The company said the forecast distribution for six months to June 2013 of 5.99c per linked unit remained achievable‚ with a potential of outperformance as a result of yield-enhancing acquisitions.
