Crest Nicholson Reports First-Half Adjusted Operating Loss Amid Challenging Market Conditions
Crest Nicholson reported a first-half adjusted operating loss of GBP 11.9 million with revenue at GBP 197.6 million, driven by weaker housing volumes and lower land profits. The company cut its full-year EBIT guidance to the lower half of its previous range due to softer sales conditions.
Topics: financial performance housing market liquidity management real estate