×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Nepi Rockcastle increased distributable earnings per share for the first half of 2018 to end-June by 12.9%, the group said on Wednesday. This increase is due to the effect of acquisitions and developments finalised in 2017 being concentrated in the second half of the year, the group said. Major new centres in Serbia and Romania are on track to open in the second half of 2018. The Financial Sector Conduct Authority (FSCA) is conducting an investigation into possible insider dealing or market manipulation in NEPI Rockcastle’s shares. Better than expected performance The growth is better than that envisaged earlier in the year, with the group expecting distributable earnings per share for the 2018 financial year to end-December to be approximately 10% higher. CEO Alex Morar said the group consolidated its portfolio in existing markets through further acquisitions of high-quality retail properties and asset management initiatives, while expanding into the affluent Baltic states with a f...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.