UK housebuilder Countryside s sales soar as property market booms
UK housebuilder Countryside reported soaring sales and profit in the first half of the year as the housing market boomed following the lifting of Covid restrictions.
The property developer said adjusted revenue was up 42 per cent in the six months ended 31 March, reaching £755m compared to £530.9m in the previous year.
Adjusted operating profit also jumped 42 per cent from £55.3m to £78.6m. Basic earnings per share were up 22 per cent to 11.1p against 9.1p.
The increase in revenue was driven by a surge in private sale completions, Countryside said, with total group completions up 14 per cent.
THE full list of mental health services receiving £50,000 in grants has been released. In October last year, Basildon Council launched a mental health fund, and it has now selected and awarded more than £50,000 worth of grants to twelve organisations. The one off grants of up to £5,000 were available to voluntary and community sector organisations to support mental health projects, training and professional development, improving organisational infrastructure, or supporting staff salaries and volunteer expenses. One of the grant recipients are the Craig Tyler Trust, who with the funding will launch a mobile mental health support unit - allowing the trust to be present in different areas across the borough and be available to support a wider range of residents.
Countryside Properties Q1 trading in line with expectations ifamagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifamagazine.com Daily Mail and Mail on Sunday newspapers.
Countryside Properties makes progress with separation of housebuilding division
Countryside Properties delivered a strong performance in the first quarter.
Countryside Properties is making progress with the separation of its two divisions after a strong performance in the first quarter.
The FTSE 250 firm said trading in the three months to 31 December was in line with expectations and is 80 per cent forward sold for the year.
Total completions are up 17 per cent year-on-year to 1,280 homes, which helped drive its total forward order book to £1.3bn. The average selling price climbed from £394,000 to £404,000.
Countryside Properties said it expects to have completed a full internal reorganisation of its Partnerships and Housebuild divisions by the end of March.