Crest Nicholson upgrades forecasts as it returns to black

By Carl Brown 2021-06-24T09:32:00

Source: Shutterstock

Housebuilder says bill for cladding repair work now stands at £23m

Crest Nicholson has posted a pre-tax profit of £36.3m for the first half of the year, compared to a £51.2m loss for the same period in 2020.

The housebuilder, in its interim results for the six months to 30 April, was buoyed by a 38% increase in completions to 1,0171 over the same period. Revenue increased from £240m to £324.5m over the same period.

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