TEXAF, S.A. ( (DE:SJ4A) ) has issued an update.
TEXAF has reported a 12% growth in recurring operating profit for 2024, driven by the successful launch of three major projects in its real estate segment. These projects have significantly increased the company’s housing and commercial offerings, contributing to a rise in rental income and setting a new record for EBITDA in the property segment. Despite a decline in sales for its sandstone extraction activity, the company remains profitable and continues to support its cash flow. The expansion of SILIKIN VILLAGE has been recognized with awards, and the opening of a new data center marks a milestone in the DRC’s digital landscape. TEXAF’s strategic investments and partnerships, including a stake in the legaltech start-up AFRIWISE, underscore its commitment to growth and development in the region.
More about TEXAF, S.A.
TEXAF, S.A. operates in the Democratic Republic of Congo, focusing on real estate, digital activities, and sandstone extraction. The company is known for its significant projects such as residential and commercial real estate developments, including SILIKIN VILLAGE, and its involvement in digital infrastructure and entrepreneurship support.
YTD Price Performance: -5.20%
Average Trading Volume: 37
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €120.3M
See more data about SJ4A stock on TipRanks’ Stock Analysis page.