Full Year 2020 Dipula Income Fund Ltd Earnings Call Transcript
Good afternoon. Welcome to the Dipula Income Fund August 31, 2020, end results. We are presenting from our head office in Johannesburg. As would typically be the case, I'm accompanied by our CFO, Ridwaan Asmal. He will do the first part of the presentation, and I'll then do the last two parts of the presentation. There's a bit of a departure from our normal presentation style. We welcome you all. Thank you.
Thank you, Izak. I'll take you through the financial section of the presentation. Just going through the first slide, key corporate information. I think it's just for shareholders to note the key details of the fund.
And then, moving on to the financial highlights section. We start at revenue. Revenue for the year was ZAR1.2 billion, a decrease of 3.1% on the prior year of ZAR1.3 billion. Distributable earnings for the year ZAR447 million decreased by ZAR64 million from the previous year's ZAR511 million, which is a 12.4% decrease in distributable
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