Trafalgar New Homes Faces Challenges Amid Market Conditions

Trafalgar New Homes (GB:TRAF) has released an update.

Trafalgar Property Group reported a loss before tax of £83,010 for the first half of 2024, despite achieving a modest turnover and gross profit of £600. The AIM-listed developer obtained planning permission for new properties at Talbot Park and is considering its development options while also managing its existing assets to generate future cash flow. The challenging market conditions, including high interest rates and inflation, continue to impact their financial performance.

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