Scottish housebuilder and developer Bett Brothers more than doubled its pre-tax profit in the six months to 28 February.
The group’s return rose to £7.4m compared with £3m during the same period last year. Turnover increased £9m to £39.6m.

The results were buoyed by a strong performance from the group’s commercial property arm. The division’s operating profit jumped from £1.2m last year to £4.6m.

Operating profit in the housing arm increased 46% from £2.6m to £3.8m; margins rose from 10% to 11.7%. Completions went up from 213 units last year to 264 units while the average selling price remained at £123,000.

The housing division covers Scotland and northern England.