Group revenue rose 41% to R1.3bn in the property group's first half to end-August, with Balwin encouraged by steady demand for its apartments
SA’s largest sectional title developer Balwin properties says operating activity has steadily recovered to pre-pandemic levels, with robust demand in SA for apartments helping the group grow profits by almost half in its six months to end-August.
Group revenue rose 41% to R1.3bn to end-August, still down 7% from before Covid-19, but Balwin said its recovery was pleasing, and sustained demand from clients gave it confidence in the resilience of its brand...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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