Redefine Properties in its financial report for the year end-August said its total revenue rose to ZAR7.8 billion compared to ZAR6.6 billion recorded in the same period in 2016.
Meanwhile, net operating profit grew to ZAR5.0 billion in contrast to ZAR4.2 billion posted in the previous year. Profit attributable to shareholders lowered to ZAR3.3 billion against ZAR4.6 billion.
In addition, headline earnings per share from continuing operations increased to 83.6 cents per share compared to 77.0 cents per share last year.
The directors of Redefine have declared a final cash dividend of 47.18000 cents per share, for the six months ended 31 August 2017, from the company’s distributable income (the cash dividend). Shareholders have been provided with the election to reinvest the cash dividend in return for Redefine shares (share reinvestment alternative), failing which they will receive the cash dividend of 47.18000 cents per share.
