11th Jan 2021 10:04
(Alliance News) - MJ Gleeson PLC on Monday said it expects results for its current financial year to be at least in line with expectations due to strong demand in Gleeson Homes and the progress made by its land division Gleeson Strategic Land.
The housebuilder stated that for the six months ended December 30, Gleeson Homes completed the sale of 951 units, up 17% year-on-year from 811 units and opened 17 new sites. The division plans to open at least another 10 sites during the second half and expects to be actively building on around 80 sites and actively selling on at least 65 sites.
MJ Gleeson said Gleeson Strategic Land sold four sites during the first half-year, adding that wth stronger demand for consented land from medium and large housebuilders, the division is actively progressing the sale of a further four sites.
The stock was flat on Monday morning in London at 784.00 pence each.
By Ife Taiwo; [email protected]
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