Crest Nicholson ‘on track’ to hit profit target after better than expected cash performance

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Housebuilder open market sales rate increases in first few months of the year

Crest Nicholson says it is on track to deliver results in line with its previous forecasts after improving its sales rate in the 10 weeks to 14 March.

The housebuilder, in a short trading update today, said it forecasts it will meet its targets. It has previously said it expects pre-tax profit of between £28m and £38m in the year to 31 October and between 1,700 and 1,900 home sales.

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