GLE: Revenue up 12.1%, margins pressured, strong Homes growth, Land delays; outlook cautious
Revenue grew 12.1% to £410m, but operating profit fell due to margin compression and land sale delays. Homes volumes rose 10% with strong partnership growth, while Land faced timing uncertainty. Balance sheet remains strong, and FY 2027 is expected in line with market expectations.Based on MJ Glees…
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