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Springfield Properties first-half profit jumps; upgrades annual guidance | 23 February 2021

Springfield Properties first-half profit jumps; upgrades annual guidance | 23 February 2021
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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Springfield Properties first-half profit jumps; upgrades annual guidance

Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Springfield Properties expects first-half revenue to rise 17%

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Springfield Properties expects first-half revenue to rise 17% | 15 December 2020

15 December 2020 | 09:30am StockMarketWire.com - Scotland-focused house builder Springfield Properties said it expected to post a 17% first-half revenue following a bounce back in construction activity. Build and sales activity both had recovered strongly following resumption of operations from late June, the company said. It added that the rise in revenue was in line with market expectations and that it had substantial visibility over full year forecasts. Net debt had been slashed to £33.6 million at 30 November, down from £68.8 million at 31 May. This has been a strong six months for Springfield, chief executive Innes Smith said. We were able to safely and efficiently resume construction to complete the homes that had been scheduled for handover at the end of the previous financial year.

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