Attacq’s distributable earnings more than halved due to Covid-19 effects
Attacq says it had to give rental discounts to tenants whose businesses had been affected by lockdown restrictions
23 March 2021 - 10:34
Attacq, the developer of Waterfall City in Midrand and owner of Mall of Africa, says its distributable income more than halved in the six months to December as it had to offer rental discounts to tenants whose businesses had been affected by lockdown restrictions.
The company did not declare a dividend for the review period nor did it provide guidance on future dividends, citing economic uncertainty wrought by Covid-19. The decision not to declare a dividend was taken in mid-2020 to preserve cash and bolster its balance sheet...
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