Lockdown sees housebuilder’s profit tumble

By Joey Gardiner2020-05-14T08:44:00

Countryside - Spencer Park - CPL-SPH-view 3 (003)

Countryside’s results show impact of pandemic after just one week of lockdown

Housebuilder Countryside has released half-year results to the end of March showing the scale of impact of the coronavirus pandemic in just the first week of the lockdown.

Reporting interim pre-tax profit down one third to £43.7m, the business said its figures had been hit by the failure to complete around 90 sales and a number of land deals by the end of March at its private housebuilding arm due to lockdown restrictions which came into effect on 23 March.

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