Covid sends Scottish housebuilder’s profit down

By Joey Gardiner2020-09-29T10:27:00

Springfiield furloughed over 90% of its 700 staff during lockdown

Pre-tax profit at listed Scottish housebuilder Springfield fell more than one third as the firm became the latest to lay the blame on covid-19 for eating into its numbers.

The firm said profit slumped 39% to £9.7m in the year to May with the firm racking up £400,000 in exceptional items to cover the costs of furloughing staff in April and May.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community