Covid crisis decimates profit at Countryside

Countryside - Spencer Park - CPL-SPH-view 3 (003)

Chief executive says outlook ’highly uncertain’ despite government decision to restart housing market

Housebuilder Countryside has released half-year results to the end of March showing the scale of impact of the coronavirus pandemic in just the first week of the lockdown.

Reporting interim pre-tax profit down 39% to £43.7m, the business said its figures had been hit by the failure to complete around 90 sales and a number of land deals by the end of the month in its private housebuilding arm due to lockdown restrictions.

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