New deal raises RDC Properties’ profits 180%
Monday, October 03, 2022 | 400 Views |
On the rise: RDC Properties’ Masa Centre is among assets enjoying recovery
RDC Properties closed the P980 million purchase of the Tower Property Fund on December 28 last year in a deal that added 46 properties located in South Africa and Croatia to the local group’s portfolio.
The deal ballooned the group’s investment and property portfolio by 153% to P5.8 billion but had a minimal effect on profits as it was concluded three days before the end of the 2021 financial year.
As cases continue to threaten herds and rural livelihoods, one simple but critical action can make a powerful difference: strictly adhering to FMD regulations, including refraining from slaughtering cloven-hoofed animals.Cloven-hoofed animals, such as cattle, sheep, goats, and pigs, are highly susceptible to FMD. Slaughter, especially during outbreaks or restricted periods, significantly increases the risk of spreading the virus through...