StockMarketWire.com - Inland Homes reported flat revenue growth for the 15 months through the end of September, as the company sold less homes.

For the 15 months ended 30 September, revenue grew to £151m from £150m a year earlier as private housing completions, as expected fell to 130 from 275, which the company blamed on the 'significant number of large-scale apartment developments under construction where occupations can only be achieved on handover of completed blocks.'

Its partnership housing equivalent units had increased by 313% in line with the company's increased penetration into that marketplace.

The company also secured planning consent for a 100 acre Wilton Park site in Beaconsfield, Buckinghamshire and a new 'urban village' of 1,725 homes next to the station in Cheshunt Hertfordshire, which took five and three years to gain respectively.

'These two consents will lead to a considerable increase in the EPRA (earnings) value of the group's assets and provide a significantly improved pipeline for our business activities,' the company said.


At 8:11am: [LON:INL] Inland Homes PLC share price was +0.5p at 79.9p



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