BRIEF-Newpark Says Increased Vacancies In H1 Caused Revenue To Decline 5.8 Pct To R67 Mln

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BRIEF-Newpark Says Increased Vacancies In H1 Caused Revenue To Decline 5.8 Pct To R67 Mln
Credit: © Reuters.

Oct 10 (Reuters) - Newpark Reit Ltd NRLJ.J :

* INCREASED VACANCIES IN H1 CAUSED REVENUE TO DECLINE TO R67.0 MILLION (H1 FY2018: R71.1 MILLION), A DECREASE OF 5.8%

* DISTRIBUTABLE EARNINGS FOR SIX MONTHS TO 31 AUGUST 2018 DECLINED BY 6.4% TO 24.95 CENTS PER SHARE

* BOARD OF DIRECTORS HAS DECLARED AN INTERIM DIVIDEND OF 24.94859 CENTS PER SHARE

* BOARD HAS DECIDED TO REVISE OUTLOOK FOR DISTRIBUTABLE EARNINGS PERFORMANCE FOR FULL YEAR ENDING 28 FEBRUARY 2019

* SEES A DECREASE IN DISTRIBUTABLE EARNINGS OF BETWEEN 6.0% AND 8.0% FOR FY COMPARED WITH 12 MONTHS ENDED 28 FEBRUARY 2018

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