Countryside profit falls on fire safety writedown

By Joey Gardiner2021-05-13T10:57:00

Beam Park development, Countryside and L&Q, london housing, station

Revenue at housebuilder soars but site sales and forward orders drop back

Countryside has seen half-year profits fall back after making a £25m provision to repair blocks now assessed as unsafe in the wake of the Grenfell Tower fire.

The firm saw revenue soar by 37% to £661m in the six months to the end of March compared with the same period last year – the end of which was affected by the first covid lockdown.

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