Fairvest Property Holdings Ltd. announced unaudited consolidated earnings results for the half year ended December 31, 2015. For the period, the company reported gross revenue of ZAR 134,445,000, operating profit of ZAR 80,237,000, profit before taxation of ZAR 62,719,000, profit attributable to owners of the parent of ZAR 62,730,000 or 10.05 cents per basic and diluted share, cash inflow from operating activities of ZAR 7,451,000 compared to the gross revenue of ZAR 89,377,000, operating profit of ZAR 53,229,000, loss before taxation of ZAR 3,622,000, cash inflow from operating activities of ZAR 5,331,000 for the same period year ago.

Given the performance of the 6 months to 31 December 2015, management reassessed the outlook for the remainder of the financial year and is confident that company should be able to achieve distribution growth of between 9.25% and 10.25% for the 2016 financial year.