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Grit Real Estate To Consider Extra Dividend, Aims To Be FTSE Eligible


Grit Real Estate To Consider Extra Dividend, Aims To Be FTSE Eligible
Mon, 15th Feb 2021 11:10
(Alliance News) - Grit Real Estate Income Group Ltd on Monday said it remains confident in its strategy while maintaining an appropriately cautious stance in light of potential longer-term effects from Covid-19.
The pan-African real estate investment and management company reported profit from operations for the six months ended December 31 of USD12.9 million, up 20% from USD10.7 million in the same period of 2019, as a result of strong operating cost control and robust portfolio revenue performance that offset revenue weakness in the retail sector.
Gross rental income in the period was USD31.6 million, down 0.1% from USD31.7 million a year prior, with a 19% decline in revenue from the retail sector, amounting to USD1.9 million, being offset by acquisitions and additions worth USD1.9 million. Grit said revenue in retail, office and corporate accommodation sectors was ....

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LLR strengthens its board | Sunday Standard


Letlole La Rona is bolstering its board of directors after it lost key board members last year.
On Friday, the Botswana Stock Exchange listed company unveiled two new independent non-executive directors, leaving one more space to fill. LLR’s board of directors is made up of seven members of which three are independent and four are non-executive.
The company has appointed Onthatile Tiny Ogotseng, the head of legal and a company secretary at Sir Keitumile Masire, to its board. She holds a master’s degree in Finance and Investments from the University of the Witwatersrand, an LLB from the University of Botswana.  ....

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