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Place North West | Morgan Sindall rides high with half-year results


Neil Tague
The property business has reported pre-tax profit of £53.1m, with turnover and net cash also seeing healthy increases in the first six months of 2021.
Morgan Sindall, which includes Muse Developments, fit-out arm Overbury and housing business Lovell Partnerships along with eponymous construction, investment and property services businesses, said that pre-tax profit was up by 286% on the first half of Covid-hit 2020, but also 46% up on H1 2019’s figure.
Sales across the business reached £1.5bn, up 14% year-on-year and 10% on the 2019 figure, while net cash has more than doubled since this time last year, up from £146m to £337m.
A dividend of 30p per share is to be paid. ....

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