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Investegate |Great Places Housing Announcements | Great Places Housing: 3rd Quarter Results


 
Our Performance Updates are aimed at ensuring our investors and other stakeholders receive regular, timely information regarding the performance of the Group. We will publish these reports on a quarterly basis and will produce them within six weeks of the relevant quarter end.
The information included is based on unaudited management accounts and other internal performance measures.
 
FINANCIAL PERFORMANCE: QUARTER THREE RESULTS
The management accounts of Great Places Housing Group (the Group) show year to date surplus of £15.3m, £2.1m better than budget.  Turnover in the period (all income including property sales) was £103.0m and operating surplus £35.2m. 
The main savings were interest £1.0m, due to interest rates lower than budget and effective management of liquid cash and revolving credit facilities, and property sales surpluses overall being £0.7m higher than budget.  Other variances included overhead savings lik ....

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