Listed affordable housing firm ReSI plc has reported a pre-tax profit of £7.8m for the six months to the end of March, up 79% on the same period last year, as it expands its  portfolio of homes.

The firm, which owns and runs “for profit” housing association Resi Housing, said it had increased its net rental income in the period by 25% to £7.6m as it grew its portfolio of properties to reach 3,233 homes with a “fair value” estimated at £375m.

…