New African Properties Limited provided group earnings guidance for the six months ended 31 January 2016. Group announced that anticipated material change to the financial results for a period where material is considered to be a 10% variance. Accordingly, unitholders are advised that the profit for the six months ended 31 January 2016 is expected to be higher as a result of fair value and other accounting adjustments which do not impact distributions to unitholders.

The increase in distributions to unitholders for the period is however not expected to exceed this threshold.