Share price shoots up 9% as it reports healthy rise in distributable income per share
Mall of Africa owner Attacq says it expects distribution income per share to rise 32%-36% to 61.8c-63.6c per share on improved trading conditions.
The company said this increase arose from lower rental discounts provided to tenants, reduced finance charges due to the settlement of all foreign-denominated debt, a reduction of debt in rand and receipt of dividends from MAS...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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