Crest Nicholson Holdings (GB:CRST) has released an update.
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Crest Nicholson Holdings reported its FY24 performance aligned with expectations, despite challenges from affordability issues affecting private sales. The company is focusing on enhancing cash management, which led to better-than-expected net debt levels, and is preparing for a strategic transition in FY25 to boost value over volume. An improved economic landscape and government support are anticipated to benefit the housebuilder moving forward.
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