Calgro M3 expects greater profit as it hands over more units
Calgro M3 specialises in residential developments, including subsidised, social housing and GAP housing
03 May 2023 - 10:07
Affordable housing and memorial parks developer Calgro M3 has flagged a rise in profit in its next annual results as it completed and handed over 3,000 new residential property units.
The company, valued at R376m on the JSE, said in a trading statement that headline earnings per share (HEPS), a common profit measure in SA that excludes certain items, will rise 40%-50% to 147.90c-158.46c, and earnings per share 36.4%-46.4% to 147.95c-158.80c for the year to end-February...
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