UK landlord Capital & Counties’ profit swung into a loss in its final results before its merger with property group Shaftesbury next week, because of the steep fall in the share price of Shaftesbury in 2022.
The company, valued at R23.58bn on the JSE, saw its profit of £35.5m from its 2021 financial year to end-December turn into a loss of £218m in its 2022 annual results despite a higher gross profit and net rental income...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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