Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Housebuilder says it may end the year with more cash than debts
Shares in Vistry have risen by 5% this morning after the housebuilder said it had brought in more cash than expected and is considering reinstating a dividend for its 2020 financial year.
Vistry said it now expected net debt – cash in the bank minus all its debts – at the year-end to be no greater than £40m, and that the firm could even move into a net cash position.
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