Ingenuity Property issues positive six-month trading update
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2014-05-09 16:45:00
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Based in Claremont, Cape Town, Ingenuity Property Investments is led by Arnold Maresky as the Chief Executive Officer.
Ingenuity Property Investments (ING) says it expects headline earnings per share (HEPS) to rise between 115% and 125% for the six months ended February.
Earnings per share (EPS) are expected to be between 140% and 150% higher. The company said the better performance was the result of earnings from properties acquired as well as recently completed development properties brought into use.
Based in Claremont, Cape Town, the JSE-listed property fund has been on the acquisition trail, picking up three additional properties for a total consideration of R190 million towards the end of last year.
Ingenuity’s results are expected on or about May 9.
