The improved condition of the housing market in the south of England should lead to stronger profits in the second half of 1996, Wilson (Connolly) Holdings said yesterday. The prediction came as the group unveiled a 20% fall in pre-tax profits from £10m to £8m in the six months to June 30. Commercial property profits declined from £1.2m to £500,000, reflecting the group’s decision to reduce its exposure to the commercial market.
- Financial Times 13/9/96 page 24.
- The Independent 13/9/96 page 22.
