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.