Octodec reviewing distribution policy, expects lower full-year distributions

Given ongoing uncertainty around the future impact of Covid-19 on the economy and JSE-listed Octodec’s future financial performance, the company expects that its distributable earnings for the financial year ending August 31 will be at least 15% lower year-on-year. The company reported distributable earnings per share (DPS) of 200.9c in the financial year ended August 31, 2019.

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