Texton expects interim distributable income to increase
20 February 2023 - 20:35
JSE-listed Texton Property Fund expects an increase in distributable income for the six months ended December but will not declare a dividend to conserve cash to strengthen its balance sheet.
In a trading statement on Monday, Texton said distributable income for the period would increase 5.2% from R42.252m to R44.466m. Previously the company declared a dividend for the interim period ended December 31, 2021, of 10c. ..
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