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Springfield Properties PLC announced on 17 February 2025 that its interim results indicate FY25 profit will be 'significantly ahead of market expectations'. The company also stated that debt is forecast to fall substantially over a three-year period, moving to a net cash position, and announced a major land sale agreement with Barratt Redrow for land in Central Scotland.
| Date | 17 Feb 2025 |
| Time | 07:34:55 |
| Category | Miscellaneous |
| ID | 3372X |
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SPR | Springfield Properties plc: Profits head north. Debt heading south. FY25 profit will be 'significantly ahead of market expectations', according to Springfield's interim results, while debt over our three-year forecast period will fall substantially, then move to a net cash position. This comes with a sweeping redirection of Scotland's only listed housebuilder's operations to the rapidly growing North of Scotland, starting with a major sale agreement announced today with Barratt Redrow for land in Central Scotland. |
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