REDEFINE PROP INTERNATIONAL LTD - Redefine International P.L.C. - Cromwell releases year end results
RIN 201308280022A
Redefine International P.L.C. - Cromwell releases year end results
REDEFINE PROPERTIES INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/009284/06)
JSE share code: RIN ISIN: ZAE000149282
(“RIN”)
Set out below is an announcement which was released by Redefine International P.L.C. (“Redefine
International”), the London Stock Exchange-listed subsidiary of RIN, on the Regulatory News Service
(“RNS”) of the London Stock Exchange today, 28 August 2013.
REDEFINE INTERNATIONAL P.L.C.
(“Redefine International” or the “Company”)
CROMWELL RELEASES YEAR END RESULTS
Redefine International is pleased to announce that the Cromwell Property Group (“Cromwell”), in which the
Company currently has a 13.72% interest, has released its results for the year ended 30 June 2013. Cromwell is
an Australian Property Trust listed on the Australian Stock Exchange. The Company’s interest is held through
its wholly-owned subsidiary Redefine Australian Investments Limited.
Cromwell’s financial report and presentation can be found on its website:
http://www.cromwell.com.au/aboutcromwell/newsroom/.
The highlights for the year are set out below:-
CROMWELL OUTPERFORMS WITH FULL YEAR OPERATING EARNINGS
- Operating earnings up 28% to $102.4 million (7.6 cps) and full year distributions of 7.25 cps
- Statutory accounting profit of $46.2 million (3.4 cps)
- Acquisitions totalling $641 million increased value of portfolio to $2.4 billion with NTA of 70 cps
- Strong increase in contribution from funds management business
- Forecast FY14 operating earnings of 8.3 cps and distributions of 7.5 cps
Further enquiries:
Redefine International Property Management Limited
Investment Adviser
Michael Watters, Stephen Oakenfull Tel: +44 (0) 20 7811 0100
FTI Consulting
Public Relations Adviser
Stephanie Highett, Dido Laurimore Tel: +44 (0) 20 7831 3113
28 August 2013
Sponsor to Redefine Properties International Limited
Java Capital
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