Diversified property developer Calgro M3 has increased its full-year headline earnings and declared a maiden dividend of 9.49c per share.

Headline earnings per share (HEPS) for the year ended February increased to 189.87c from 153.18c a year ago. Revenue declined to R1.28bn from R1.53bn, but profit after tax rose to R196.8m from R186.3m...

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