Attacq posts steady results amidst volatile business climate

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The Mall of Africa.
The Mall of Africa.

Waterfall – The tougher global economy, the strengthening of the rand and international market volatility had an impact on the interim results of Attacq [JSE:ATT] for the six months ended 31 December 2016.

Attacq is a South African company with a diversified portfolio and development pipeline and describes itself as having a creative approach to real estate investments and developments. It had a total asset value of R27.1bn at 31 December 2016.

Since inception to 31 December 2016 Attacq has achieved a Compound annual growth rate of 27.7% for net asset value per share adjusted for deferred tax (adjusted NAVPS).

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