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Calgro M3 is the developer of choice in selected markets through the consistent delivery of homes, rental units and memorial parks of the highest quality.

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Calgro’s projects get set to deliver

The uncertain economic environment will not deter integrated housing developer Calgro M3 in its efforts to expand its project pipeline.

On Monday Calgro released impressive interim profit numbers with headline earnings per share increasing 30% to 66.5c for the six months to end August. Revenue rose 39% to R573m.

More critically, the company reported a more than R19bn project pipeline with a dozen active projects "in the ground" that were set to start generating…

Calgro patient with new venture

By Roy Cokayne , www.iol.co.za Johannesburg - The new business venture by Calgro M3 Holdings, focusing on the development of private memorial parks, was expected to make some contribution towards the listed affordable housing developer's year-end financial results.

The venture failed to make any material contribution to the financial results of the group in the six months to August, but Calgro chairman Ben Pierre Malherbe stressed that setting up a new business…

Calgro M3 HEPS up almost 30%

Interims to end-August 2015. ‘We’ve got 12 projects all contributing towards revenue – Ben Pierre Malherbe – CEO, Calgro M3

SIKI MGABADELI: Hybrid property developer and construction company Calgro M3 reports strong interim results despite the tough trading environment in the six months to end-August. Calgro reported a 29.98% rise in headline earnings per share to 66.25c. That’s compared with the year earlier period. And the board said its main focus during the period…

Calgro M3 shrugs off trough trading environment

by Coleen Goko, www.bdlive.co.za

HYBRID property developer and construction company Calgro M3 on Monday reported strong interim results despite the tough trading environment. In the six months to end August 2015, Calgro reported a 29.98% rise in headline earnings per share (HEPS) to 66.25c compared with the year-earlier period, while revenue climbed 39.10% to R573.1m.

The board said its main focus during the period under review was the…

Calgro interim results 31 August 2015

Revenue for the interim period increased to R573.2 million (R412.1 million). Gross profit climbed to R119.0 million (R82.7 million). Operating profit rose to R62.7 million (R57.2 million). Profit attributable to equity holders grew to R84.2 million (R71.1 million). Furthermore, headline earnings per share jumped to 66.25cps (50.97cps).

Dividend
No dividends have been declared for the period. The Board is of the opinion that the Group must…