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MJ Gleeson PLC - Sheffield-based housebuilder and land investor - Revenue for half-year to December 31 rises 22% to GBP173.5 million and pretax profit up 22% also to GBP24.7 million. Says 932 homes sold in period, up 15% on pre-Covid levels though down 2.0% year-on-year, as prior half-year period was flattered by delayed completions carried over from the first Covid-19 lockdown. Average selling price up 15% to GBP161,200. Interim dividend lifted 20% to 6.0p. "The group performed strongly during the first half and this result, and indeed our performance throughout the pandemic, is evidence of the underlying strength of the business...Consequently, in the absence of any further Covid-19 or supply chain related disruption, the board is confident that results for the full year to 30 June 2022 will be ahead of market expectations," says Chief Executive James Thomson.
Current stock price: 733.20 pence, up 1.0% on Friday
12-month change: down 0.4%
By Lucy Heming; lucyheming@alliancenews.com
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