#JustIn: Healthy profit for Oryx Properties
Locally-listed Oryx Properties this morning reported a total comprehensive profit of about N$190.9 million for the year ended 30 June 2023, compared to nearly N$105.9 million in the previous book-year.
Net property income amounted to around N$235.4 million versus some N$242.2 million in 2022.
A distribution of 105.25c per linked unit was declared, up from 101.75c in the previous financial year.
“With the Group concluding the acquisition of Dunes Mall (Pty) Ltd subsequent to year-end, it has taken the first steps towards its growth strategy.
“The strategy aims to grow the total asset base to N$4.5 billion over a three-year period ending 2025. Furthermore, management is investigating various other acquisition opportunities within Namibia,” Oryx said in its results announcement on the Namibian Stock Exchange (NSX).
Net property income amounted to around N$235.4 million versus some N$242.2 million in 2022.
A distribution of 105.25c per linked unit was declared, up from 101.75c in the previous financial year.
“With the Group concluding the acquisition of Dunes Mall (Pty) Ltd subsequent to year-end, it has taken the first steps towards its growth strategy.
“The strategy aims to grow the total asset base to N$4.5 billion over a three-year period ending 2025. Furthermore, management is investigating various other acquisition opportunities within Namibia,” Oryx said in its results announcement on the Namibian Stock Exchange (NSX).
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