Published on: February 23, 2021
H1 results point to ‘significant’ full year growth
Scotland’s only quoted housebuilder has delivered a 43% jump in adj PBT for the six months to November, as the country emerged from its extended site lockdown, releasing cash on sales that had narrowly missed completing by the May 2020 year-end. The Group “remains on track to report significant growth for the full year, slightly ahead of market expectations”; we are maintaining our P&L estimates for now but believe that, in the absence of any unforeseen circumstances, the risk has moved more to the upside.
