Tag: Calgro M3
Calgro M3’s headline loss per share widened to 26.29 cents in August, against a 3.24 cents per share loss in the previous comparable period. The company incurred significant costs, as construction activity was halted for two months, due to the COVID-19 lock-down. No interim dividend has been declared. Calgro M3 CEO, Wikus Lategan joins CNBC Africa for more.
Calgro M3 is confident on the outlook for its memorial parks business where annual revenue grew over 22 per cent to R25.7 million. The property developer also reported strong cash flow and said its balance sheet was strong to withstand the uncertainty of Covid-19. CNBC Africa spoke to Calgro M3 CEO, Wikus Lategan and asked if he was concerned about the 50 per cent plunge in the share price on the day the company released its annual results.
Calgro M3 has donated over 3,000 bottles of hand sanitisers to the Fleurhof community and have pledged its support and assistance to the community as South Africa battles with a 21-day national lockdown. Joining CNBC Africa for more is Wikus Lategan, CEO of Calgro M3.
Calgro M3's share price was flat after its CEO Wikus Lategan said it remains bullish on growth opportunities in its Memorial Parks. This comes as the property developer scrapped its interim dividend and swung to a loss of 3.2 cents per share after having to deal with land invasions and a deliberate slowdown in operations across all development sites. Calgro M3 CEO, Wikus Lategan spoke to CNBC Africa for more.
Calgro M3 reported its full results for the year ended 28 Feb 2019. The property company struggled to keep profits and earning up in 2018 and has declared that shareholder will not earn a dividend this year. Calgro M3 CEO, Wikus Lategan joins CNBC Africa to unpack the numbers.
What the next 10 years hold for Calgro, a darling of the JSE