Springfield Properties plc (SPR.L) Thursday said it expects revenue for fiscal 2024 to be about 266 million pounds, down from 332.1 million pounds in the previous year driven by challenging conditions in the housing market.
However, the company sees profit before tax to be slightly ahead of market expectations, helped by 28 million pounds profit made by land sales during the period.
Further, bank debt has been reduced to 40 million pounds as on May 31, ahead of its target of 55 million pounds.
Looking ahead, Springfield said it is on track to meet market expectations for fiscal 2025, with revenue remaining stable year-on-year.
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