Loading...
See More

Calgro operating profit up 147%

Oct 11 2012 18:09 I-Net Bridge

Company Data

CALGRO M3 HOLDINGS LIMITED [JSE:CGR]

Last traded 8.31
Change -0.18
% Change -0.02
Cumulative volume 42187
Market cap 1.06bn

Last Updated: 24/10/2014 at 01:47. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

On its way out?

Calgro M3 reverses loss

Calgro's quiet takeover

No longer so extraordinary

No relief in sight for Calgro

RDP housing recovery boosts Calgro

 
Johannesburg - Property group Calgro M3 Holdings [JSE:CGR] on Thursday reported an 85.7% surge in its headline earnings per share (HEPS) in the six months to August to 31.63 cents‚ compared with the same period a year ago.

A strong project pipeline in excess of R8bn‚ supported by a healthy relationships with clients‚ financiers and suppliers again enabled the group to deliver top and bottom line growth‚ the company said in a statement.

Revenue was up 91.7% to R400.7m‚ while operating profit lifted 147.3% to R42.5m. No interim dividend was declared.

Calgro said the government’s undertaking to close the gap between fully subsidised housing and the entry level affordable bonded market by providing social housing and the newly revised FLISP (finance linked individual subsidy programme) units was creating new opportunities.
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...