30th Mar 2015 11:26
LONDON (Alliance News) - South African Property Opportunities PLC on Monday said its net asset value per share fell in the first half of its financial year due to a shareholder distribution and losses made on the sale of a subsidiary.
The South African property investment company said its net asset value per share at the end of December was 30 pence, down from 36 pence per share at the end of June, the end of its previous financial year.
The fall was primarily down to a 5 pence per share distribution made to shareholders in October and a GBP605,654 loss made on the sale of a subsidiary.
Shares in the fund were up 0.5% to 20.85 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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