Finance

Springfield forecasts profit hit from economic downturn

By 2022-12-12T09:18:00

Springfield Ballingry Site

Springfield Properties has told investors its revenue is “largely protected”, thanks to the house buying process in Scotland, in an update ahead of its half-year figures to the end of November.

However, the company said the economic downturn is likely to result in pre-tax profit for the current 2023 financial year falling below that of 2022.

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