Balwin Properties Limited has released its unaudited interim results for the six months ended 31 August 2021, reflecting a pleasing recovery to pre-COVID-19 levels with revenue at R1.3 billion.
On Wednesday, 20 October 2021, Balwin Properties Limited released its unaudited interim results for the six months ended 31 August 2021. The results reflected a pleasing recovery for the group from what it has noted to have been the challenging market conditions experienced due to the pandemic in the prior period.
The group confirmed that its operational activity has steadily recovered to pre-COVID-19 levels, which was supported by sustained demand for apartments. Balwin Properties revenue saw an increase of 41 percent to R1.3 billion, while the profit for the period also increased by 44 percent to R117.2 million.
Earnings per share increased by 44 percent to 24.95 cents per share, and headline earnings per share also increased by 44 percent to 24.95 cents per share. The net asset value per share reported an increase of 7 percent to 692.00 cents per share. A final gross dividend of 7.4 cents was declared.
