Northern housebuilder MJ Gleeson has reported a 32% jump in turnover in the first half of its trading year
In its results for the six months to 31 December 2013, the regeneration specialist posted revenue of £34.4m, up from £26.1m for the same period the previous year.
It reported operating profit of £2.6m, up from £1.2m, with an increase in sales from 165 units to 258.
Dermot Gleeson, chairman of MJ Gleeson Group (pictured), said: “As anticipated, revenues and profits for the first half of the year showed a strong increase over last year, driven by increasing demand for affordable homes amongst our core customer base in the North of England.
“The Board anticipates further substantial improvements in the Group’s trading performance and is therefore confident of delivering a result for the full year in line with expectations.”