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Balwin Properties reports a 29% decrease in group revenue to R2.4 billion

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GUEST - Steve Brookes – CEO of Balwin Properties
SA’s largest residential sectional-title developer reported a 29% decrease in group revenue to R2.4 billion (FY23: R3.3 billion) with 1 892 apartments recognised in revenue, a 32% reduction from the 2 788 apartments recognised in the prior year, “reflecting the challenging conditions in the residential housing market.”

20 May 2024 2PM English South Africa Business News · Investing

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