By David Parsley2018-09-18T07:20:00
Scottish housebuilder Springfield Properties has posted a 46% rise in pre-tax profit in its maiden annual results for the year to the end of May.
Adjusted pre-tax profit hit £9.8m, from £6.7m last year, off the back of a 27% rise in revenue to £140.7m. The group also reduced net debt by 54% to £15.3m, while gross profit margin increased 60 basis points from 15.1% to 15.7%. Shareholders will benefit from a final dividend of 2.7p, equating to a total dividend for the year of 3.7p.
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.