Gleeson Homes has reported a 21.7% increase in pre-tax profit for the first half of the year and says it is on course to beat its target of completing 2,000 homes over 12 months.

The urban regeneration specialist, in its results for the six months to 31 December, reported turnover of £173.5m, up 17.5% on the £147.6m posted the previous year. Pre-tax profit increased 21.7% over the same period, from £20.3m to £24.7m.