FMP | FY2017 Audited Abridged Financial Results and Analysts Presentation

By Published On: March 22nd, 2018Categories: Corporate announcement

We are pleased to announce the release of our Audited Abridged Financial Results for the year ended 31 December 2017.

Outlook

Proposed macro-economic policy changes and international re-engagement efforts are expected to stimulate growth within the productive sectors of all the economy, this in turn will stimulate demand for space through stimulating spending. Economic turnaround supported by an estimated population growth rate of 2.2% per annum, and an estimated 2.5% per annum rate of urbanisation, will unleash an increased demand for space across the country. In addition, significant investment in infrastructure will spur economic recovery, drive employment levels and spending power, necessitating growth in the property sector.

Real estate markets are positively correlated to the performance of the economy at large, and the implementation of pro-production policies across the economy will benefit the property market. In the interim, our strategy is to pursue diversification by sector and location, achieving growth through pre-let acquisitions and developments in diverse locations and repositioning poor performing assets.

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First Mutual Properties Limited (FMP.zw)

Share price: 4,400.00 ZWL cents (0.00 | 0.00% – 02/06/23)

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