Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Morgan Sindall’s partnerships housing arm increases margin target as it focuses on mixed-tenure development expansion
Morgan Sindall’s partnerships housing business has boosted its annual turnover by 21% and doubled its operating profit.
The construction giant today reported its Lovell business increased revenue to £572m from £474m for the 2021 calendar year. Its operating profit jumped from £16m to £33.2m over the same period.
The business increased its contracting revenue 27% to £249m while its mixed-tenure turnover rose 16% to £323m.
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