Calgro M3 delivers a stand-out performance for 2024

Group reports strong results and adds significant growth assets Highlights: Johannesburg, 13 May 2024 – JSE-listed Calgro M3, the property and property-related investment company specialising in the development of Integrated Residential Housing Developments and the development and management of Memorial Parks, today announced robust final results for the period ended 29 February 2024. This comes […]

Calgro M3 delivers another robust set of results

Highlights: Headline earnings per share increased to 78.88 cents per share (cps) (2022: 57.00 cps) Earnings per share increased to 78.88 cps (2022: 57.04 cps) Share buyback of 22.6 million shares at an average price of R2.63 per share. Revenue increased by 13.5% to R688.9 million (2022: R607.1 million) Gross profit margin remained within 20% […]

Calgro M3 produces solid results, achieving strongest profit after tax performance ever

Highlights: Revenue increased by 15,4% to R1,5 billion (2022: R1,3 billion) Headline earnings per share (“HEPS”) increased 45,01% to 153.18 cents per share (2022: 105.63 cents per share) which is the highest ever achieved Gross profit margin improved to 23.5% (2022: 21.3%), remaining within the target range of 20% to 25% Net debt to equity […]

Sayuri Naicker looks forward to growing Calgro M3 to new heights as FD

18 February 2022, CFO Magazine – Sayuri will step into the role of Calgro M3’s new FD in March this year, replacing Waldi Joubert. Calgro M3 has appointed Sayuri Naicker, currently the group financial manager, as its new financial director with effect from March 2022. Her appointment follows the announcement in July 2021 that Waldi […]

Calgro M3 results reflect continued success as Group reinforces sustainable growth strategy

Highlights: Revenue increased by 45.6% to R576.2 million (August 2020: R395.8 million) Gross profit margin increased to 19.7% (August 2020: 7.9%) Headline earnings per share increased by 262.8% to 42.79 cents per share (August 2020: 26.29 cents loss per share) Net asset value (“NAV”) increased to R7.23 per share Cash generated from operating activities amounted […]

Calgro M3 results strengthen as Group implements #sustainableactions strategy

Highlights: Positive cash generated from operations of R114.8 million to support the #sustainableactions strategy Profit after tax of R18.5 million Earnings per share (“EPS”) increased to 14.88 cents per share Liquidity of R155 million available Group net asset value (“NAV”) increased by 7.2% to R6.82 per share Memorial Parks revenue increased by 65.2% 4 654 units […]

Business Report – Fraction of qualifying buyers apply for subsidy

THE GOVERNMENT’S Finance Linked Individual Subsidy Programme (Flisp) works well to provide homes for firsttime low-income buyers and meet the government’s social housing objectives, but the process to access the subsidy needs to be made easier. First National Bank (FNB), which has grown its affordable housing lending book by 24 percent year-on-year, estimated that 57 […]

Calgro M3: “First half of FY2021 akin to The Good, The Bad and The Ugly”

Highlights Cash on hand of R246.0 million plus undrawn overdrafts Facility for R215.0 million from the National Housing Finance Corporation (“NHFC”) secured and drawn on in September 2020 Cash generated from operations of R115.7 million Memorial Parks revenue increased by 75% for the period Level 1 B-BBEE Contributor Status No dividend has been declared for […]

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