Springfield profits plunge 44% as covid-19 bites

By Tom Lowe 2020-07-08T10:11:00

But housebuilder reports record sales in first week of reopening

Scottish housebuilder Springfield has seen its revenue fall by 25% and pre-tax profit plunge by 44% because of covid-19.

In a trading update to the City, the housebuilder said that it had been unable to complete its homes scheduled for handover in April and May 2020, which had made up 30% of its annual revenue for the past two years.

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