Oryx suffers loss in 2020 book-year

Jo-Maré Duddy – Locally-listed Oryx Properties reported a loss of more than N$88 million for its financial year ended 30 June 2020, compared to a profit of about N$312.8 million in the prior book-year.
Results released on the Namibian Stock Exchange (NSX) this morning show the property group suffered a loss of 110.63c in basic earnings per share (EPS).
Headline earnings per share (HEPS) – a profitability gauge – dropped from 137.34c in 2019 to 3.88c.
Oryx Properties, listed on the Local Index of the NSX, declared no dividend per linked unit for 2020. Last year the dividend per linked unit was 2.75c.
Read the full report tomorrow in Market Watch.