https://www.engineeringnews.co.za

Suburban creep drives Balwin growth

25th November 2015

By: African News Agency

  

Font size: - +

Balwin Properties on Wednesday reported a 100% increase in headline earnings per share to 58 cents as demand for secure, affordable homes in “good” neighbourhoods continued to outpace supply in the six months to the end of August.

The national specialist residential property builder and developer of “secure, affordable, high-quality, environmentally friendly and strategically located sectional title residential units” priced between R599 999 and R1.7-million said revenues increased by 71% to R823-million and profits were up from R134-million to R234-million in the period under review.

A statement from the company, which was listed in August, said: “Despite a challenging economic environment and recent increases in interest rates, the demand for residential units remained strong supported by under-supply of quality housing within the target price range and an increase in the urban population.”

Balwin said negotiations were continuing over the acquisition of a land parcel in the Kyalami node for development of a possible 15 000 residential units.

Edited by African News Agency

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Bell Equipment
Bell Equipment

As one of South Africa's leading manufacturers, Bell Equipment distributes and exports its wide range of heavy equipment globally to mining,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.044 0.839s - 135pq - 2rq
Subscribe Now