Oryx Properties expects profit boost

28 August 2019 | Business

Locally-listed Oryx Properties this morning released a trading statement on the Namibian Stock Exchange (NSX), saying it expects earnings per share (EPS) and profit for the financial year ended 30 June 2019 to be “substantially higher” than its previous book-year.
Substantially higher means more than 30%, Oryx indicated.
Headline earnings and distributions, however, are likely to be less than 10% lower, the company said.
Oryx’s latest set of financials is expected on or about 30 August.
The company closed at N$20.40 per share on the Local Index of the NSX on Tuesday. Oryx’s share price has gained 0.94% since the end of 2018.
With a total market capitalisation of N$1.783 billion, Oryx is the fourth biggest company on the Local Index.

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