Wilson Connolly, the house builder which issued a profits warning last year, claimed to be on the recovery track, despite posting a 19% slump in pretax profits.
The company reported a record £300m forward order book. In the six months to 30 June pretax profits slid from £21.1m to £16.1m.
Turnover moved ahead from £320.8m to £339.7m, despite a fall in completions from 2,065 to 1,887 as the group focused on margins.
Financial Times 06/09/02 page 22
The Daily Telegraph 06/09/02 page 38 (News Bulletin)
The Times 06/09/02 page 28 (Need to Know), page 28 (Results inBrief), page 34
The Independent 06/09/02 page 22 (In Brief)
