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<p>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.</p>


Calgro M3 half-year headline loss widens to 26.29c

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<p>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.</p>


Calgro M3 CEO on results

Calgro M3 CEO on results, achieving sustainability amid Covid-19 crisis

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<p>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.</p>


Calgro M3 donates sanitisers to the Fleurhof Community

Calgro M3 donates sanitisers to the Fleurhof Community, pledges more support to battle COVID-19

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<p>Calgro M3&#8217;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.</p>


Calgro M3 remains bullish on growth opportunities in its Memorial Parks

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<p>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.</p>


Calgro M3 CEO Wikus Lategan on the cost of land invasions

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<p>Residential property developers, Calgro M3, have been forced to turn the lights off for a 100 million rand development project due to electrification challenges and illegal invasions. CNBC Africa’s Kopano Gumbi was on site with CEO Wikus Lategan for more.</p>


Lack of power infrastructure affects Calgro operations

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<p>When Calgro M3 listed on the exchange ten years ago, its share price was R3.29. Ten years later, a piece of Calgro would cost you R11.30.</p>


What the next 10 years hold for Calgro, a darling of the JSE

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<p>Property developer Calgro M3 delivered half year results for the year ended for the six months ended 31 August 2017, reporting a 40.24 per cent increase in revenue. Wikus Lategan, Managing Director, Calgro M3 joins CNBC Africa for more.</p>


Wikus Lategan

Calgro M3 half-year headline loss widens to 26.29c

Calgro M3 CEO on results, achieving sustainability amid Covid-19 crisis

Calgro M3 donates sanitisers to the Fleurhof Community, pledges more support to battle COVID-19

Calgro M3 remains bullish on growth opportunities in its Memorial Parks

Calgro M3 CEO Wikus Lategan on the cost of land invasions

Lack of power infrastructure affects Calgro operations

What the next 10 years hold for Calgro, a darling of the JSE

Calgro M3 reports increase in first-half revenue

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Wikus Lategan

Calgro M3 half-year headline loss widens to 26.29c

Calgro M3 CEO on results, achieving sustainability amid Covid-19 crisis

Calgro M3 donates sanitisers to the Fleurhof Community, pledges more support to battle COVID-19

Calgro M3 remains bullish on growth opportunities in its Memorial Parks

Calgro M3 CEO Wikus Lategan on the cost of land invasions

Lack of power infrastructure affects Calgro operations

What the next 10 years hold for Calgro, a darling of the JSE

Calgro M3 reports increase in first-half revenue

News Tips

Advertise With Us

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