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McLean buoyed by £6.6m profit announcement
16:38 05 Jan 2005
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David McLean's latest turnover of £210m has generated a
pre-tax profit of £6.6m.
Two of the group's three operating divisions, contracting and housebuilding, were in profit in the 12 months to 30 June, while the property development wing was slightly in the red.
Housebuilding was the best performer, with a profit contribution of £8.4m on a turnover of £84m, while the contracting division ran up a profit margin of 3.1% on its turnover of £120m, delivering a profit of £3.8m. Property development lost £500,000, an improvement on the previous year.
The three divisions' figures are all enhanced by the non-allocation of holding company costs of £3.3m.
McLean's homes business completed 450 units at an average selling price of £188,000.
The landbank stands at 2,900 units.
Two of the group's three operating divisions, contracting and housebuilding, were in profit in the 12 months to 30 June, while the property development wing was slightly in the red.
Housebuilding was the best performer, with a profit contribution of £8.4m on a turnover of £84m, while the contracting division ran up a profit margin of 3.1% on its turnover of £120m, delivering a profit of £3.8m. Property development lost £500,000, an improvement on the previous year.
The three divisions' figures are all enhanced by the non-allocation of holding company costs of £3.3m.
McLean's homes business completed 450 units at an average selling price of £188,000.
The landbank stands at 2,900 units.
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