Revenue increased by 121.89% to R172.46 million (R77.72 million) while profit after tax increased by 343.40% to R149.24 million (R33.66 million). The vacancies in the portfolio at 31 October 2006 was 2.9%, a reduction of 41% on the previous year. Healine earnings per linked unit decreased by 47.62% to 22c (42c).
Distribution
Notice is hereby given of the final dividend distribution of 0.04c and debenture interest payment of 39.960c per linked unit, totalling 40.0c per linked unit for the income distribution period 1 May 2006 to 31 October 2006.
Prospects
CBS has successfully placed 15 million linked units equating to approximately 10% of CBS' issued linked units, with the Public Investment Corporation. The proceeds from the placed shares will be used to fund further acquisitions.
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