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Growthpoint Properties' H2'17 pretax profit up 43% YOY

Growthpoint Properties Ltd.'s pretax profit for the six months ended Dec. 31, 2017, totaled 6.62 billion South African rand, up 42.7% from roughly 4.64 billion rand in the year-earlier period.

EPS amounted to 1.99 South African rand per share, a gain of 25.9% year over year from 1.58 rand per share.

Profit attributable to owners of the company stood at 5.75 billion rand, up 30.2% from 4.42 billion rand in the second half of 2016.

As of Feb. 27, US$1 was equivalent to 11.71 South African rand.