Springfield Properties PLC (GB:SPR) has released an update.
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Springfield Properties PLC exceeded their debt reduction goal, lowering it to £40m, and predicts a profit before tax ahead of market expectations, thanks to £28m from land sales. Despite a challenging market that led to a decrease in revenue to £266m, the company remains optimistic for FY 2025, with stable revenue projections and a strong land bank positioning them well for future demand in energy-efficient housing. The anticipated growth in affordable housing and strategic land holdings in the Highlands position Springfield to capitalize on upcoming market improvements.
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