Attacq CEO ‘really concerned’ about diesel usage despite strong results
The company spent R27m on generator fuel in six months and had to burn more to achieve higher growth
14 March 2023 - 09:51
Property group Attacq has warned about the effect of greater spending on diesel and running generators for longer despite being ahead of its projected financial performance at the halfway stage of its 2023 financial year.
Distributable income of the company, valued at R6.5bn on the JSE, rose 27.2% year on year, or 35.9c per share, because of higher rental income from newly completed developments and the existing portfolio, mobile operator Cell C settling its arrears in cash, and lower finance costs in the six months to end-December...
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