Two key acquisitions helped AIM-listed Scottish housebuilder Springfield Properties ramp up both turnover and profit in the past year.

The firm, which has its headquarters in Elgin, said deals to buy Dawn Homes and Walker Group during the year to the end of May 2019 were paying off, as turnover for rose by than a third (36%) to £191m and pre-tax profit increase by 79% to £16.5m.