According to the company’s financial statement, Operating margins improved from 78% to 84%. Attributable profit ended the period at $9,4 trillion, translating to a headline earnings per share of $5 063 up from $13 in the comparative period.
EBITDA grew by 38 693% to $13,6 trillion mainly due to a 39144% increase in the fair values of investment properties to $13, 4 trillion and fair value adjustment on quoted shares, which grew by 20 140% to $129,7 billion.
The balance sheet grew by 37 833% to $13,7 trillion on the back of revaluation of properties.
The group recorded a net increase in cash of $863, 8 million up 662%. The vacancy factor dropped from 1% to 0%.
Property still remains one of the best hedges against inflation. However we are of the opinion that Pearl and Dawn offer the best property portfolios for the both the medium and long term.
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