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Results Comment: Bonatla Property Holdings Ltd.BONATLA [BNT]
(Suspended)

Thu 1 Mar 2018
Close: 7c

Day's move: 0c (0.00%)
Volume: 0
Trades: 0

Comment: Fri, 8 May 2015

Bonatla final results 31 December 2014

Revenue for the period came in at R7.6 million (R19.5 million), while the gross margin decreased to a loss of R868 000 (profit of R9.7 million). An operating loss of R57.6 million was recorded (loss of R40.9 million). Loss attributable to owners was R62.6 million (loss of R59.2 million). In addition, headline loss per share was 1.72cps (loss of 2.76cps).

Dividends
No dividends were declared during the period.

Future prospects
Against the tighter economic conditions which continue to prevail and continue to exert increasing pressures on commercial property industry, the company has rationalised its property portfolio mainly composed of B grade properties with short leases and non strategic locations.

The company is constantly re-evaluating the improvement of its portfolio through the disposal of under performing properties and the acquisition of better quality assets. To that effect it is constantly considering offers to purchase from third parties.

The company has also entered agreements already announced on SENS to increase sizeably its portfolio with quality property investments and developments. 2016 will see the completion of the initial portfolio acquisitions.

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