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Category Archives: Company Research
Bidvest Namibia FY15 Initial Impression
Oryx Properties Limited Trading Statement – FY15
In compliance with the Namibian Stock Exchange (‘NSX’) Listings Requirements, Oryx Properties Limited unitholders are advised that the total comprehensive income for the year ended 30 June 2015 will be substantially higher (greater than a 30%) and the net asset value (‘NAV’) per linked unit as at 30 June 2015 will be materially higher (between 10% and 30%) in relation to the comparative period. The positive fair value adjustment to the investment property portfolio, as determined by an independent valuer, is the main reason for the increase in the total comprehensive income and net asset value per linked unit.
The interest distribution will remain unaffected as the changes in fair value of investment properties are unrealised gains, which are transferred to non-distributable reserves.
This trading statement has not been reviewed or reported on by Oryx’s external auditors. The release of the announcement of the reviewed results for the year ended 30 June 2015 is expected to be published on or about 24 August 2015.