Shares of property developer Calgro M3 were on track for their best day in more than a month on Monday, after it flagged about a nine-fold rise in profit for its year to end-February, a clear sign of robust demand for low-income housing in SA.
Headline earnings per share will be between 104.87c and 106.39c in the year to end-February, the group said in a trading update, an up to 801.3% improvement from the prior period’s loss of 15.7c...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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