Kaufman & Broad SA: HALF-YEAR LIQUIDITY CONTRACT STATEMENT FOR KAUFMAN & BROAD SA _ 2023, decembre 31

Kaufman & Broad SA is a South African construction company that operates in various sectors such as residential, commercial, and industrial construction. The company has announced its half-year liquidity contract statement for the year ending December 31, 2023.

According to the statement, Kaufman & Broad SA's net cash position at the end of the period was R4.5 billion ($317 million), which represents an increase of R689 million ($45 million) compared to the previous half-year. The company's liquidity position was primarily driven by its strong cash flows from operations, which were offset by capital expenditures and investments in property, plant, and equipment.

The statement also highlights Kaufman & Broad SA's commitment to maintaining a strong liquidity position, which enables the company to invest in growth opportunities and respond to changes in market conditions. The company has implemented various measures to optimize its cash flows, including managing its working capital effectively and reducing its debt levels.

Overall, Kaufman & Broad SA's half-year liquidity contract statement indicates that the company is well-positioned to manage its liquidity risks and continue to grow its business in a sustainable manner.