Gleeson says demand for homes has returned after covid sinks annual profit

By Joey Gardiner2020-09-14T09:27:00

Housebuilder see bottom line fall by 86%

Pre-tax profit at housebuilder MJ Gleeson slumped by 86% for the year to June 30 as it scrambled to react to the covid-19 crisis.

In annual results released today, the firm said the need to shut sites during its spring selling season had resulted in a sharp drop in sales but added demand had now returned, allowing it to recommit to its target to build 2,000 homes per annum by 2022.

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