Acucap interim distribution up 11.4%

Posted On Friday, 07 November 2008 02:00 Published by eProp Commercial Property News
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Property holding company Acucap today reported that its distribution per linked unit for the six months ended September 30 2008 increased by 11.4% to 121.30 cents.

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Group revenue was at R263.3 million, up from the R155.9 million reported last year. Profit before tax interest and tax was at R219 million up from R164.2 million last year.

Looking ahead the group said that for the full year to March 2009, it expects to meet the guidance given to the market of maintaining double-digit growth.

"However, the forecast information on which this statement has been based has not been reviewed or reported on by the company's auditors," Acucap said.

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