Adrenna posts ZAR26.2 million for year-end February

Adrenna posts ZAR26.2 million for year-end February

In its financial report for first quarter 2017, Adrenna recorded increase in revenue to ZAR26.2 million compared to ZAR23.2 million recorded same period 2016.

The company’s Operating income before interest and revaluations rose to ZAR16.2 million in contrast to ZAR14.6 million recorded in 2016.

The company’s operating income before interest and revaluations rose to ZAR16.2 million in contrast to ZAR14.6 million recorded in 2016.

Adrenna’s┬átotal comprehensive income attributable to ordinary shareholders shot up to ZAR21.1 million against ZAR7.9 million posted in 2016. In addition, headline earnings per share were recorded at 13.1 cents per share compared to 11.9 cents per share posted in 2016.

No dividends were declared during the current or prior years.

Company Information

Adrenna Property Group Limited is a South Africa-based investment property holding company. The Company’s segments are Investment Property Holding, Property-related Services, Property Held for Resale and Head Office administration. The Company operates in the Western Cape.

The Company, through its subsidiary , provides property related services including property and facilities management, broking, auctioneering and property development services.

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