Springfield Properties Completions And Reservations Fall » WhatsNew2Day
By Jane Denton
Source: whatsnew2day.com
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By Jane Denton
Springfield Properties' net debt was around £94m by 30 November, excluding £8.8m of outstanding proceeds from contracted land sales to be received by the end of the financial year.
Scottish house-builder Springfield Properties is now building houses only after they have been sold, it has revealed.
Springfield Properties' shares tumbled after it revealed a slump in profits, warned of reduced demand and said it was pausing new projects.
Elgin-based Springfield Properties has suspended dividends and put speculative building on hold as it looks to cut debt