- Profits in line with expectations
Mauritius, 11 July 2018 – Atlantic Leaf Limited (ALP), the Mauritian-based real estate company that focuses on commercial property assets in key regional nodes across the UK, today reported its results for the first quarter of the 2019 financial year. These results reflected profits in line with Management’s expectations.
Commenting on the results, CEO Paul Leaf-Wright said “This quarter saw us complete the Deacon Park acquisition and this asset is now contributing positively to our results.”
We are also very pleased to have received shareholder approval for conversion of the Company to a UK REIT. We are sure that this is a positive move for Atlantic Leaf and will ensure we are more directly comparable with our peer group, most of whom are already REIT’s.”
Shaun Fourie, the Company’s CIO said “The UK property market is still very active and we are continually presented with new acquisition opportunities. Our portfolio has performed in line with target for the first quarter and we are always exploring ideas to ensure we extract the maximum return from the assets we manage.”
The Company will release its interim results in mid-October 2018, which will also include a declaration of the interim distribution.