Land & Homes Group Ltd. (AU:LHM) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Land & Homes Group Ltd. has scaled back costs by closing its Barry Parade project’s sales office, as it reevaluates the project’s feasibility amid persistent high production costs and finance-related fixed expenses. Despite the cost pressures, the company remains optimistic due to Brisbane’s positive long-term economic outlook, strong population growth, and housing shortages. A decision on the future of the project, which targets national and local markets, is expected in the current quarter, with shareholders to be updated accordingly.
For further insights into AU:LHM stock, check out TipRanks’ Stock Analysis page.