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Housing Today
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Crest says 2021 profit to be above expectations
Shares in housebuilder up 5% as it reports strong weekly sales rate
Crest Nicholson said it expects to beat profit expectations for the current financial year, with a near doubling of adjusted profit from its covid-hit 2020 numbers.
The housebuilder said in a statement issued ahead of its AGM today that it expects to report adjusted pre-tax profit – not including exceptional items – of around £85m for the 12 months to 31 October, which it said was almost £10m ahead of the consensus from analysts.
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