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Homes Memorial Parks REIT

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 M3 shrugs off trough trading environment

by Coleen Goko,

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).

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

Calgro M3 Holdings: Fueled by Huge Unmet Demand

by Peter C. Thoms, CFA

This past May, while on an investment research trip to South Africa, I stopped into the Johannesburg offices of Calgro M3 Holdings to meet with the company's senior management. Calgro M3 is a mixed-use/integrated residential development company focused primarily on the affordable housing segment in South Africa. Founded in 1995, it trades on the JSE (Johannesburg Stock Exchange) under the symbolCGR.

We have been investors in Calgro M3 for a…

Calgro M3 and funeral insurance

Calgro M3 recently launched it's first private memorial park in Nasrec with burial sites available from R5 000.


An eco friendly place of rest with an affordable price tag

‚ÄčThe Calgro M3 memorial park is not for the elite