15th Dec 2020 20:42
Springfield Properties PLC - Scottish housebuilder - Says build and sales activity rebounded strongly following resumption of operations from late June and is experiencing high levels of demand. As such, expects interim revenue to be 17% higher than last year, in line with market expectations, and has substantial visibility over full year forecasts. The group also expects to report a reduction in net debt to approximately GBP33.6 million at November 30, from GBP68.8 million at May 31. Rremains on track to report significant growth for full year.
Current stock price: 123 pence
Year-to-date change: down 15%
By Arvind Bhunjun; [email protected]
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