Attacq profit for year R728.8m vs R559m

Posted On Tuesday, 08 October 2013 15:06 Published by eProp Commercial Property News
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Capital growth company Attacq posts a R728.8m profit for the year ended June 30 compared with a profit of R559m the previous year.

Morne Wilken

Diluted earnings per share from continuing and discontinued operations amounted to 162c compared with 118c the previous comparative period.

However‚ the company posted a diluted headline loss per share of 10.6c compared with a profit of 13.8c per share.

Previously called Atterbury Investment Holdings‚ Attacq said rental income and property expenses year on year movement were distorted due to discontinued operations being excluded and reflected separately.

The continuing operations on a like-for-like basis reflected a 15.5% increase in rental income. General property expenses increased by 19.5%.

Attacq manages a diversified portfolio of property assets‚ comprising‚ as at 30 June 2013‚ 18 operational properties‚ 10 properties under development‚ infrastructure and land rights and other investments with a total asset value of R13.35bn.

Last modified on Tuesday, 08 October 2013 15:45

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