Scotland’s only quoted housebuilder’s home completions and cashflow have recovered sharply from the country’s prolonged lockdown, with delayed sales fuelling what the Group predicts will be a strong first half to the current financial year. Today’s FY 2020 results, to May, show the impact of the lockdown in the final two months, which normally account for almost a third of sales, but confirm that delayed sales are expected to add to strong underlying demand in H1 2021,
29 Sep 2020
Sales and cashflow rebound as lockdown lifts
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Sales and cashflow rebound as lockdown lifts
Springfield Properties PLC (SPR:LON) | 94.5 0 0.0% | Mkt Cap: 112.1m
- Published:
29 Sep 2020 -
Author:
Alastair Stewart -
Pages:
14
Scotland’s only quoted housebuilder’s home completions and cashflow have recovered sharply from the country’s prolonged lockdown, with delayed sales fuelling what the Group predicts will be a strong first half to the current financial year. Today’s FY 2020 results, to May, show the impact of the lockdown in the final two months, which normally account for almost a third of sales, but confirm that delayed sales are expected to add to strong underlying demand in H1 2021,