INGENUITY PROPERTY INVESTMENTS LIMITED - Trading statement

Release Date: 07/11/2018 11:08
Code(s): ING
 
Wrap Text
Trading statement

INGENUITY PROPERTY INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/018084/06)
ISIN: ZAE 000127411 JSE share code: ING
(“Ingenuity” or “the company”)


TRADING STATEMENT

In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited,
Ingenuity expects to announce for the year ended 31 August 2018:

-   headline earnings per share (“HEPS”) of 3.6 cents, which is an increase of
    500% when compared to the HEPS of 0.6 cents reported for the
    corresponding year ended 31 August 2017;

-   earnings per share (“EPS”) of 12.7 cents, which is an increase of 59% when
    compared to the EPS of 8.0 cents reported for the corresponding year ended
    31 August 2017; and

-   net asset value per share (“NAVPS”) of 139 cents, which is an increase of
    12% when compared to the NAVPS of 124 cents reported for the
    corresponding year ended 31 August 2017.

Headline earnings and earnings per share have increased inter alia due to
increases in net property income, growth in the portfolio value and the realisation
of assets at a profit.

The above information has not been reviewed or reported on by the company’s
auditors and the company’s results for the year ended 31 August 2018 are
expected to be published on or about 15 November 2018.


Cape Town
7 November 2018

Sponsor
Nedbank CIB

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