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Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Expects total dividend for the financial year that ended March 31 to be between 5.566 euro cents and 5.794 cents per share, representing an increase of between 26% and 31% compared to the total dividend of 4.410 cents per share a year earlier. This expected increase is predominantly due to an increase in funds from operations, Sirius explains.
Back in November, Sirius raised its interim dividend to 2.70 euro cents, up 32% from 2.04 cents a year prior. Pretax profit fell by 3.2% to EUR75.7 million for the six months that ended September 30 from EUR78.2 million a year before, as revenue leapt by 48% to EUR130.6 million from EUR88.4 million.
Current stock price in London: 79.55 pence
12-month change: down 31%
Current stock price in Johannesburg: ZAR19.50
12-month change: down 13%
By Xindi Wei, Alliance News reporter
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