FY Results – The Group’s revenue increased by 6% to R3.3 billion despite a 6% reduction in the number of apartments recognized. The Group’s profit increased by 20% to R437.4 million, and the gross profit margin improved to 29%. The achievement of a higher gross profit margin is notable considering the cost increases in the construction industry. The Group maintained a healthy cash position of R607.4 million, with total cash growing by R105.0 million over the year. The group’s loan-to-value ratio remained consistent at 40.7%. A final gross dividend of 14.1 cents per share was declared.
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