Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Wilson Bayly Says Australia Property Gains Boost Earnings

Feb. 25 (Bloomberg) -- Wilson Bayly Holmes-Ovcon Ltd., a South African builder, said more residential projects at its Australian unit helped boost revenue by 43 percent in the six months through December.

Net income rose 5.4 percent to 380.1 million rand ($42.8 million, compared with 360.6 million rand a year earlier, while sales increased to 12 billion rand, the company said in a statement today.

“All divisions showed increased revenue with a major increase of 61 percent for Australia resulting from increased activity in the high-rise residential market,” WBHO said.

WBHO shares closed 2.4 percent higher in Johannesburg on 152.50 rand. The stock has declined 2.8 percent this year compared with a 1.3 percent gain in the FTSE/JSE Africa Construction & Building Materials Index.

To contact the reporter on this story: Kamlesh Bhuckory in Johannesburg at kbhuckory@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.