StockMarketWire.com - Scotland-focused housebuilder Springfield Properties said it expected to report growth in revenue and profit for the first half in line with its expectations.

The company also confirmed that it planned to declare an interim dividend for the six-month period through November.

Springfield said entered the new financial year with a 'strong and established pipeline' and was experiencing sustained demand, underpinned by the continued requirement for more homes in Scotland.

Private housing had continued to account for a majority of total revenue.

'Demand for housing continues to outstrip supply and there is ongoing support from the Scottish government for developing affordable housing,' the company said.

'As a result, the board is confident of delivering strong growth for full year 2018/19 in line with management expectations.'




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