FAR expects strong results
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.