Emira interim results December 2015

Revenue for the interim period increased to R878.8 million (2014: R864.4 million). Operating profit was recorded at R527.3 million (2014: R510.8 million).

Profit attributable to Emira shareholders dropped to R614.9 million (2014: R1.1 billion). Furthermore, headline earnings per share climbed to 103.87 cents per share (2014: 71.43 cents per share).
Dividend distribution declaration

The Board has approved and notice is hereby given that an interim dividend of 70,34 cents per share has been declared (2014: 64,65 cents), payable to the registered shareholders of Emira Property Fund Limited on 14 March 2016. The issued share capital at the declaration date is 510 550 084 listed ordinary shares. The source of the dividend comprises net income from property rentals, income earned from the FundÆs listed property investment and interest earned on cash on deposit. Please refer to the Statement of Comprehensive Income for further details.

Prospects

While market conditions are expected to be more trying in the next six months, Emira is appropriately positioned to continue its past performance and deliver a similar distribution growth per share for the full 12 month period to 30 June 2016.