Springfield Properties PLC (GB:SPR) has released an update.
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Springfield Properties PLC reported a positive trading update, with an increase in private housing reservations and resilient selling prices, despite hesitancy in new affordable housing projects. The company’s financial position improved, with net bank debt significantly reduced from the previous year, and it remains well-placed to meet market expectations for FY 2025. Boosted by a substantial Scottish Government budget allocation for affordable housing, Springfield is optimistic about growth opportunities in this sector.
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