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Castleview Property Fund recorded a headline EPS of 17.94 cents for the half-year ending September, while revenue fell 27.7% to INR 824.9 million. The board declared an interim dividend of 11.06830 cents per share, maintaining a focus on shareholder returns despite market challenges. The decline in revenue reflects reduced rental income and broader property market pressures. During this period, the fund emphasized operational stability and active portfolio management, striving to generate consistent income while navigating uncertain market conditions.
Castleview Property Fund Ltd reported a headline earnings per share (HEPS) of 17.94 cents for the six months ending September, according to its unaudited consolidated interim financial statements. During this period, the fund's revenue declined by 27.7%, reaching INR 824.9 million, reflecting slower growth compared with previous periods. Advertisement
The board of directors has approved an interim dividend of 11.06830 cents per share, underlining the company's commitment to returning value to its shareholders despite the revenue drop. Analysts noted that the decline in revenue comes amid broader challenges in the property market, with factors such as reduced rental income and shifts in demand contributing to the softer performance.
This period also highlights Castleview's ongoing strategic focus on maintaining operational stability while managing costs, even as market conditions remain uncertain. The fund has continued to manage its portfolio actively, aiming to balance income generation and shareholder returns.
Source Reuters
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