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The latest update is out from Springfield Properties PLC ( (GB:SPR) ).
Springfield Properties PLC announced that its FY25 profit is expected to be significantly ahead of market expectations while its debt over the three-year forecast period will substantially decrease, eventually reaching a net cash position. This positive outlook is supported by a strategic shift in its operations, including a major sale agreement with Barratt Redrow for land in Central Scotland, positioning the company for growth and improved financial health.
More about Springfield Properties PLC
Springfield Properties PLC is Scotland’s only listed housebuilder. The company focuses on the property industry, particularly in developing residential projects, and is now redirecting its expansion efforts towards the rapidly growing market in North of Scotland.
YTD Price Performance: 4.79%
Average Trading Volume: 137,066
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £117.1M
See more data about SPR stock on TipRanks’ Stock Analysis page.