Springfield Properties said it completed a third more homes in the first half of the year as pre-tax profit nearly doubled for the Elgin-based housebuilder.

Reporting its results for the six months to 30 November 2018, AIM-listed Springfield said turnover rose by 38% to £75.7m, pre-tax profit grew by 97% to £6.1m and the number of homes completed increased by 35% to 379.

Springfield bought rival housebuilder Dawn Homes in May last year, a move which helped boost the group’s landbank – currently standing at 15,096 plots, up 21% – as did the acquisition earlier this month of Livingston-based Walker Group, which has 10 sites on its books, for up to £31m.