Gleeson has reported a strong set of interims this morning, with 22% growth in revenue and PBT, reflecting strong demand within both divisions. Gleeson Homes is well on track to hit its 2000 home target this year whilst a higher than expected average selling price is driving margins and profitability. Gleeson Land, despite planning congestion, has also enjoyed a very profitable H1. The Board is confident that full year results will be ahead of previous expectations and new strategic medium term ....
10 Feb 2022
Strong Interims, upgrading expectations
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Strong Interims, upgrading expectations
MJ Gleeson PLC (GLE:LON) | 496 9.9 0.4% | Mkt Cap: 289.4m
- Published:
10 Feb 2022 -
Author:
James Tetley -
Pages:
3
Gleeson has reported a strong set of interims this morning, with 22% growth in revenue and PBT, reflecting strong demand within both divisions. Gleeson Homes is well on track to hit its 2000 home target this year whilst a higher than expected average selling price is driving margins and profitability. Gleeson Land, despite planning congestion, has also enjoyed a very profitable H1. The Board is confident that full year results will be ahead of previous expectations and new strategic medium term ....