Finance

Springfield hit by Covid-19 lockdown as annual dividend is halved

By 2020-09-29T08:08:00

Bertha Park

Springfield Properties has taken a £6m hit to full year profit following the delay of home sale completions during the Covid-19 lockdown.

The Scottish private and affordable housing group posted an adjusted pre-tax profit for the 12 months to the end of May of £10.2m, compared to £16.5m last year.

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