premium properties ltd-uts (PMM) Snapshot

Premium Properties Ltd. reported consolidated earnings results for the full year ended February 28, 2013. For the period, the company reported revenues were ZAR 585,918,000 against ZAR 529,510,000 a year ago. Operating profit was ZAR 303,754,000 against ZAR 283,366,000 a year ago. profit before taxation was ZAR 236,628,000 against ZAR 183,048,000 a year ago. Total comprehensive income for the year attributable to equity holders was ZAR 204,477,000 or 130.4 cents basic and diluted per share against ZAR 85,791,000 or 54.7 cents basic and diluted per share a year ago. Net cash inflow from operating activities was ZAR 3,122,000 against ZAR 106,015,000 a year ago.

Premium Properties Ltd. announced unaudited consolidated earnings results for the six months ended August 31, 2012. For the period, the company reported revenue of ZAR 285,672,000 compared to ZAR 251,143,000 a year ago. Operating profit was ZAR 147,451,000 compared to ZAR 130,580,000 a year ago. Profit before debenture interest was ZAR 234,505,000 compared to ZAR 173,529,000 a year ago. Profit before taxation was ZAR 140,911,000 compared to ZAR 86,489,000 a year ago. Total comprehensive income for the period attributable to equity holders was ZAR 120,097,000 compared to ZAR 78,942,000 a year ago. Basic and diluted earnings per share were 76.6 cents compared to 50.4 cents a year ago. Headline loss before debenture interest was ZAR 13,561,000 compared to ZAR 15,752,000 a year ago. Headline earnings attributable to linked unitholders was ZAR 80,033,000 compared to ZAR 71,288,000 a year ago. Distributable earnings were ZAR 94,194,000 compared to ZAR 87,427,000 a year ago. Headline earnings per linked unit were 51.1 cents compared to 45.5 cents a year ago. Net cash inflow from operating activities was ZAR 5,386,000 compared to ZAR 75,882,000 a year ago. Notice is hereby given that dividend number 37 of 0.30 cents per ordinary share (out of income reserves) and interest of 59.70 cents per debenture has been declared for the period March 1, 2012 to August 31, 2012, payable to linked unitholders recorded in the register on November 16, 2012. The last date to trade CUM distribution is November 9, 2012. The units will commence trading EX distribution on November 12, 2012. Payment date will be November 19, 2012. In 2011, the company paid dividend of 0.28 cents per share.

Mr. MJ Holmes, an independent non-executive director of Octodec Investments Ltd. and Premium Properties Ltd., has retired from the boards of directors of Octodec and Premium. Holmes also steps down as Chairman of the Audit Committees of these two companies, all with effect from September 1, 2012.