26th Oct 2020 14:21
Inland Homes PLC - Beaconsfield, Buckinghamshire-based house builder and brownfield developer - Expects to report revenue of no less than GBP135.0 million for the year ended September 30 compared to the prior year's GBP147.9 million for the 15 months to September 30. Says revenue run-rate is at a higher level than the comparative period, principally because of the increased number of partnership housing developments under construction, which continue to generate significant monthly revenue. Net debt was down to GBP138.3 million as at September 30 from GBP152.3 million a year prior. Says whilst the general economic outlook remains uncertain, there is a fundamental shortage of high-quality, affordable housing across the UK and particularly in the South and South East of England, which creates a sustained demand for our land assets, homes and expertise.
Current stock price: 51.00 pence
Year-to-date change: down 39%
By Greg Roxburgh; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
INL.L