Despite a large increase in trading density and footfall at Mall of Africa, Attacq has taken a hit from increased muncipal costs.
Attacq has seen an improvement in its retail portfolio but has also posted a headline loss per share for the period.
Fair value adjustments are made to adapt a property’s value to reflect up-to-date market conditions – and are not additional cash flow or investment.the group actually posted a headline loss of R23.1 million for the periodDespite this drop, the group declared an interim dividend of 30 cents per share .
However, the impact of the transaction was only included for the final two months of the six-month reporting period – thus will have a larger impact on the full-year results ending 30 June 2024, when it will be included for eight of the 12 months, Nana said.The group said that the 12-month weighted average trading density across its retail portfolio jumped by 9.0% to R3,969/sqm .
The group’s super-regional , regional , and small regional malls have also continued to outperform the Clur Shopping Centre Index – an industry standard, tracking performance at more than 4 million sqm of retail space.The total foot count in the retail portfolio also increased by 5.3% year-on-year.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New lifestyle shopping mall in South Africa hits ‘full throttle’A new retail development in South Africa’s mall capital is making significant progress – with an entertainment centre and petrol station on the cards.
Read more »
Africa Live: Joseph Kony case to continue despite his absenceThe Ugandan warlord is accused of 33 counts of war crimes and crimes against humanity - and more.
Read more »
Attacq sells remaining stake in MAS Plc for R773mThe JSE-listed property counter says proceeds from the sale will be used to ‘invest in income-generating activities within the group’.
Read more »
Southern Africa: Hunting Trophy Ban Unjust to Local Communities in Southern AfricaEurope's plans to ban the importation of trophy hunting products are unjust and pose a huge threat to conservation that centres on the people in southern African rangeland countries, wildlife ecologists say.
Read more »
Africa: Kobugabe, Mbabazi Clinch Historic Badminton Gold At Africa GamesUganda clinched a historic badminton gold medal at the 13th All-African Games in Ghana in the women's doubles on Sunday.
Read more »
Africa: It's Africa's Time to Shine, Says UN Under Secretary Claver GateteWith 20 percent of the global population and vast untapped natural resources, not forgetting its human capital, it is time Africa had its rightful seat at the global table, the United Nations Under Secretary and Executive Secretary of the Economic Commission for Africa (ECA), Claver Gatete, has called.
Read more »