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Octodec expects continued economic constraints in provisional results

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Octodec Investments Limited has issued its provisional results for the year ended 31 August 2021, with prospects of a continued uncertain economic and political environment for the country.

On Tuesday, 2 November 2021, Octodec Investments Limited released its provisional results for the year ended 31 August 2021. The company expects that the constrained environment will continue as a result of the longer-term impact of COVID-19 on the country’s economy, as well as the negative gross domestic product (GDP) outlook and uncertain political environment.

The company reported a decrease in revenue of 2.5 percent to R1 834 313 in August 2021. Basic and diluted loss per share decreased by 80.4 percent to 65.7 cents in August 2021, compared to 335.0 cents in August 2020.

Headline and diluted headline earnings per share increased by 196.2 percent to 177.7 cents in August 2021, with the net asset value per share decreasing by 6.5 percent to 23.2 cents per share. Distributable income per share for the company reportedly decreased by 14.1 cents per share to 134.6 cents per share, with a dividend of 50.0 cents being declared.


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