WOTSO Property: Revenue Up, Profits Down

WOTSO Property (AU:WOT) has released an update.

WOTSO Property reported a 24% increase in total revenue for the financial year ended June 2024, despite a significant 103% drop in profits attributable to unitholders. The company declared a reduced distribution of 2 cents per share, down from 6 cents the previous year, and no distribution reinvestment plan was implemented. WOTSO Property also gained control over several new entities, while losing control over others, as part of its strategic adjustments.

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