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IN BRIEF: Putprop Trading Hit By Covid-19, Annual Earnings To Fall

Fri, 28th Aug 2020 18:56

Putprop Ltd - Johannesburg-based holding company with investments in industrial and commercial properties located throughout South Africa - Expects earnings per share for the financial year ended June 30 to be between 44.65 rand cents and 51.81 cents, a decrease of between 96% and 86% to prior year's 76.26 cents. Headline earnings per share expected to be between 44.65 cents and 51.81 cents, reflecting a decrease of between 38% and 28% compared to the HEPS of 71.64 cents a year ago. Decrease largely due to the effect of the Covid-19 pandemic on the trading operations and property portfolios of the group's associates. Results expected to be released around September 3.

Current stock price: ZAR3.48

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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