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Countryside falls to £181.5m loss as fire safety costs hit bottom line
Housebuilder puts £109m aside and sets up standalone division to meet ‘developer pledge’ demands
Countryside has posted a £181.5m loss in the first half of the year as fire safety remediation costs and impairment charges made themselves felt.
The partnerships housebuilder reported the pre-tax loss of £181.5m for the six months to 31 March, compared to a profit of £38m in the same period the previous year.
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