EPP, which listed on the JSE but operates in Poland, has become the latest property fund to choose not to pay a dividend, given how the Covid-19 pandemic and resultant economic lockdowns have derailed its performance.
The company made the announcement after the release of financial results for the year to December, in which its distributable earnings declined to €50.5m (R911m) compared with the same period in 2019 financial year's €105.5m...
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