Newpark swings into a loss as Covid-19 pressures tenants
Distributable earnings per share for the six months to end-August fell 19.3%, with the group receiving less rent than it budgeted for
07 October 2020 - 11:01
Property group Newpark, which includes the JSE’s head office in its portfolio, swung into an interim loss after it provided rental relief in the midst of Covid-19 and raised credit-impairment provisions.
Distributable earnings per share to end-August fell 19.3% to 19.63c, with the group reporting a headline loss of R9.63m, from earnings of R18.4m previously...
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