On track for share pay­ment

The Star Early Edition - - COMPANIES - – Staff Re­porter

MAU­RI­TIUS-based prop­erty in­vest­ment com­pany, At­lantic Leaf Prop­erty (ALP), said on Fri­day it was on track to de­liver its fore­cast full year dis­tri­bu­tion of 8.5 pence (R1.40) per share for the nine-months pe­riod ended Novem­ber 30, 2016. ALP said it had £308 mil­lion (R5.05 bil­lion) in as­sets un­der management, which was up 42 per­cent since Fe­bru­ary 2016. Paul Leaf-Wright, the chief ex­ec­u­tive of ALP, said this was as a re­sult of the re­cent list­ing from the AltX to the JSE on Novem­ber 7, the sale of the Wom­bourne as­sets and the ac­qui­si­tion of the DHL Run­corn prop­erty. “The re­sults are pleas­ing in that we are on track to achieve our fore­cast earn­ings for the 2017 year end,” Leaf-Wright said. He said the com­pany had prop­erty as­sets of £283m from £155m across 47 prop­er­ties in the pe­riod ended Novem­ber 30, 2016.

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