Springfield Properties forecasting hefty annual profit hike

By Hamish Champ2018-07-16T13:16:00

WEB_Springfield_-_Airbles_Road__Motherwell_-_Ardmore_E_RGB_300dpi_home_banner

Listed housebuilder also predicts turnover for the year will be up more than a quarter

Scottish housebuilder Springfield Properties said it expected profit for its first full year as a stock market-listed firm to be 43% ahead of 2017’s £6.7m.

The group, which joined the AIM index in October last year, said in a trading update it had made “significant progress” in the first half of 2017/18, and as well as the pre-tax profit lift it also expected turnover to rise by 27% ahead of last year’s £110.6m.

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