Covid-19 lockdown cuts Balwin Properties’ profit by more than 50%
SA’s largest sectional title developer halted construction activity in late March and gradually resumed in June
12 October 2020 - 09:18
SA’s largest sectional title developer, Balwin Properties, said on Monday its profit dropped by more than 50% in the six months to end-August as Covid-19 affected its construction activity.
The company reported a 56% drop in profit to R81m while revenue decreased by 35% to R930m...
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