Balwin expects first-half earnings to fall up to 59% as residential property takes strain
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The group says the prolonged high-interest rate environment has put pressure on the residential property sector
03 October 2024 – 09:10
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Specialist residential property developer Balwin expects headline earnings per share (HEPS) to fall by as much as 59% at the halfway stage as activity in the residential property sector remained under significant pressure.
The group said in a statement on Thursday that consolidated HEPS and EPS for the six months ended August were expected to decrease by 54%-59% to between 15.55c and 17.45c per share…
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