Telford Homes on track to deliver over £40 million profit before tax for FY 2018

Telford Homes Plc the residential property developer focused on non-prime London, today announces its interim results for the six months ended 30 September 2017.

Jon Di-Stefano, Chief Executive of Telford Homes, commented:

“Telford Homes is firmly on track to deliver profit before tax in excess of £40 million for the year to 31 March 2018, in line with market expectations, having secured over 95 per cent of anticipated gross profit.  The Board is very happy with the current position of the business and our move into build to rent is a significant part of our long term strategy as we continue to develop homes in non-prime locations across London.

 “We have a development pipeline of nearly 4,200 homes, worth £1.4 billion, set to be delivered into an undersupplied London market over the next few years.  We are confident that we can deliver on our aspirations and continue to grow Telford Homes in order to secure long term value for our shareholders.”

Read the Telford Homes Plc interim results announcement published today in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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