NAP earnings jump on higher rentals

Tuesday, November 03, 2015

An increase in net rental income and operating profit helped property investment company, New African Properties (NAP) register a 7.7 percent increase in distributable earnings for the year ended July 31, 2015.

During the year, distributable earnings amounted to P117.4 million or 19.43 thebe per linked unit, an increase on the comparable P109 million (18.03 thebe per linked unit) on the prior year.

Management attributed the growth to a 9.6 percent increase in net rental income and a corresponding 9.3 percent increase in operating profit, offset by lower net investment income following decreases in interest rates.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Disc, license renewal requirements waived amid system failures

staff writer | 8 h ago

This is not reversal born of weakness- Salakae

Larona Makhaiza | 1d ago

Batlokwa reject Tlokweng expansion plan

Tsaone Basimanebotlhe | 2d ago

Enough is enough – Kgosi Gaborone

Tsaone Basimanebotlhe | 2d ago

CoA dismisses Meswele convicts' appeal against 40-year imprisonment

Pini Bothoko | 2d ago

‘Insurance killer’ case leaves family in ruins

Innocent Selatlhwa | 2d ago

Serowe police probe Mogorosi tragedy

Pini Bothoko | 2d ago

Man found seriously injured by Letlhakane roadside

Pini Bothoko | 2d ago

BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

Mmegi Editor | 27 March 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

NAP earnings jump on higher rentals

An increase in net rental income and operating profit helped property investment company, New African Properties (NAP) register a 7.7 percent increase in distributable earnings for the year ended July 31, 2015.

Disc, license renewal requirements waived amid system failures

This is not reversal born of weakness- Salakae

Batlokwa reject Tlokweng expansion plan

Enough is enough – Kgosi Gaborone

CoA dismisses Meswele convicts' appeal against 40-year imprisonment

‘Insurance killer’ case leaves family in ruins

Serowe police probe Mogorosi tragedy

Man found seriously injured by Letlhakane roadside

BPF should get house in order