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MJ Gleeson profit drops 43%
Housebuilder and land trader reports ‘subdued’ summer but says it expects autumn pick up in sales
Housebuilder and land trader MJ Gleeson has reported a 43% drop in its pre-tax profit for the year to June 30 as “difficult market conditions” hit sales of both homes and development sites.
The low-cost housebuilder said pre-tax earnings fell to £31.5m from £55.5m in 2022 as turnover dropped by over 12% to £328m.
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