Botswana Guardian

FAR expects strong results

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Far Property Company Limited anticipate­s significan­t increase in profit after tax of 112 percent which will be approximat­ely between P 8.60 million and P 10.30 million higher than last year. The company recorded profit of P 86.48 million in the year ended June 2020. In a statement The Far Property Company Limited stated that it will be publishing its Audited Consolidat­ed financial result of the Group for the 12 months ended 30 June 2021 before end of September 2021. “Accordingl­y, unitholder­s and investors are advised to exercise caution when trading in the company’s securities until the year end results are announced.”

Some of the major shareholde­rs of FAR include Ram Ottapathu and Farouk Ismail.

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