Four years after a near-death experience, the housing developer and memorial parks owner has returned to investors’ radar with a bumper profit
It’s four years since affordable housing developer and memorial parks company Calgro M3 cratered, racked by setbacks at its two main development sites. It slumped to a loss and investors fled. This week the company reported its highest profit and its debt at a 10-year low.
But its share price remains at a third of NAV. The FM spoke to CEO Wikus Lategan.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 TimesLive Premium.
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