Springfield Properties constructs solid annual results

0 mins. to read
Springfield Properties constructs solid annual results
Master Investor Magazine

Master Investor Magazine 54Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

AIM-listed Scottish housebuilder Springfield Properties (LON:SPR) has reported a 36% rise in revenues for the year ended 31st May as it completed on 23.6% more properties than in the prior year and at higher average prices. Profits before tax for the year rose by 79.4% and management said that they were continuing to see good progress in the current financial year.

CEO Innes Smith commented: “This was another great year for Springfield as we delivered on all of our targets and strengthened our ability to deliver sustained growth. In particular, our investments in the acquisition of Dawn Homes, Walker Group and our four high calibre managing directors have greatly enhanced our business. None of this would have been possible without the skill and hard work of our employees, for which we thank them. With a great product, an excellent team and sustained demand for housing in Scotland, we have established a solid pipeline and remain on track to deliver continued growth in line with market expectations“.

Springfield Properties share price moved upwards by 2.37% to 108.51p (as of 15:05 BST).

Take part in our poll

Which investment platforms do you use?

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *


Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.