Delta Property Fund expects earnings to drop in 2020

PUBLISHED: Mon, 03 Jun 2019 10:52:32 GMT

Delta Property Fund’s distributable earnings in the year to end-February 2019 declined to 73.84 cents a share from 97.24 cents in the previous year. The company said that they will retain a quarter of its distributable earnings “to facilitate capital expenditure and working capital requirements in the business”, therefore having a full-year distribution of 55.39 cents per share. Sandile Nomvete, CEO of Delta Property Fund joins CNBC Africa for more.

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