MJ Gleeson PLC (GB:GLE) has released an update.
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MJ Gleeson PLC has delivered a solid financial performance for FY2024, with Gleeson Homes surpassing expectations by selling 1,772 new homes and achieving an operating profit of over £30m. Despite challenges in the planning system affecting Gleeson Land’s profits, the company anticipates a growth in home completions with the proposed government policy reforms on affordable housing and planning. The company’s strategy of expanding its site openings and partnerships aims to drive significant growth in the upcoming years, with the goal of tripling profitability by reaching 3,000 home completions annually.
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