Record year for listed housebuilder as volumes and transactions increase

Housebuilder MJ Gleeson has seen pre-tax profits and revenues soar in a year driven by increased transactions.

The Sheffield-headquartered listed company this morning published its annual results for the year ended June 30. Pre-tax profits were up 12%to £37m and revenues soared 23% from £160m last year to £196m this year.

Its Gleeson Homes division saw volumes increase 21% to 1,225 units sold (2017: 1,013 units) and its operating profit on unit sales was up 20% to £26.2m (2017: ... For the full story register now for free or login below...