INVESTMENT HOLDINGS
Trematon profit up 276% after deals
Club Mykonos resort divestment among deals at the investment holding company during the period
Trematon Capital Investments has boosted its profit significantly following the conclusion of several deals in the six months to February. The investment holding company reported a profit for the six months to February 2017 of R104.48m, about 276% higher than the R27.8m profit in the six months to February 2016. Trematon is celebrating its 20th year as a JSE-listed company this year. It invests in assets and operating businesses which management believes will have the potential to generate an internal rate of return of 20% or greater over time. The company’s operations are not limited to a specific commercial area but strongly focused on property-related investments, especially in the Western Cape, according to CEO Arnold Shapiro. It also invests in an education business called Generation Education and owns part of the Club Mykonos resort. Gross assets grew to R1.36bn from R1.19bn at year end. Further property acquisitions worth R614.1m had not yet been transferred at the reporting ...
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