LLR rewards investors :: Mmegi Online

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.

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