LLR rewards investors

LLR CEO Mowaneng
LLR CEO Mowaneng

Botswana Stock Exchange listed diversified real estate company, Letlole La Rona Limited (LLR), a premier variable rate loan stock company whose existing property portfolio comprises of industrial, retail, residential and commercial office space, announced strong year-on-year distribution growth of 6.01% for the financial year ending 30 June 2022.

A final distribution of P28, 084,000 was declared, equating to 10.03 thebe per linked unit. The distribution comprises a dividend of 0.05 thebe and interest of 9.98 thebe per linked unit and compares favourably with the final distribution of 9.4117 thebe per linked unit declared in the prior financial year.

LLR CEO, Kamogelo Mowaneng commented:“ Despite ongoing macro-economic and sectoral challenges from the aftermath of the Covid-19 pandemic and notwithstanding current inflationary pressures and rising interest rates, LLR is delighted to declare a strong and sustained distribution for the 2022 financial year.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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