tiprankstipranks
MJ Gleeson PLC Exceeds Home Sales Targets
Company Announcements

MJ Gleeson PLC Exceeds Home Sales Targets

MJ Gleeson PLC (GB:GLE) has released an update.

Don't Miss our Black Friday Offers:

MJ Gleeson PLC, a prominent low-cost housebuilder, reported a solid fiscal year 2024, with Gleeson Homes’ sales surpassing expectations and the sale of 1,772 new homes, marking a 2.8% increase from the previous year. Despite challenges in the planning system, Gleeson Land sold four sites but experienced a delay in a major disposal, expecting to report an operating profit below market expectations. The company is optimistic about future demand for housing as interest rates are anticipated to decrease, and has initiated its first partnership agreement aimed at scaling operations.

For further insights into GB:GLE stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskMJ Gleeson PLC Announces Successful AGM Results
TipRanks UK Auto-Generated NewsdeskMJ Gleeson PLC Expects Strong Performance Amid Market Challenges
TipRanks UK Auto-Generated NewsdeskMJ Gleeson PLC Poised for Growth Amid Market Optimism
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App