Summerset Group Holdings Limited (DE:20S) has released an update.
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Summerset Group Holdings Limited has demonstrated resilience in a challenging property market, achieving a record first-half sales in 2024, with 333 sales in the second quarter and a total of 588 sales for the half-year. CEO Scott Scoullar remains confident despite the sluggish market, expecting underlying profits for the first half to match the previous year’s, with projected earnings between $87m and $90m. The company continues to progress its construction projects and aims to deliver up to 725 homes this year, aligning production with market conditions.
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