Public housing projects boost profits at Countryside Properties

Earnings at Countryside Properties jumped by 16% during the year to September as completions at the group’s public sector focused division rose strongly.

Operating profits climbed to £149m over the period, from £129m the previous year, adjusted operating profits rose by almost a third to £211m.

The UK mid-cap housebuilder also shrugged off any suggestion that cost inflation and teetering house prices could adversely affect profit margins.

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