<p><span>Kier’s housebuilding business is yet to be sold, close to a year after it announced it would be disposing of the division in response to financial difficulties.</span><br/></p> <p><span>Announcing its results for the six months to December 31 2019, the infrastructure, buildings and housing group said that Kier Living, now termed a “discontinued” business, was likely to sell “within the next 12 months”. </span></p><p><span>It added that with a new management team in place, “the sales process is progressing”. </span><span> </span><span>According to reports, news on a sale had been anticipated by the end of last year.</span></p> <p><span>During the half year, Kier Living’s pre-tax profit dropped to £4 million against the previous year’s £9.8 million.</span></p> <p><span>Following a strategic review of its divisions, last June Kier announced that it would dispose of Kier Living, with the group noting that although the housing division was “strong” it did not align well operationally with other parts of the business, requiring “significant ongoing funding” to achieve future growth.</span></p> <p><span>At the time, Kier commented there had been “a number” of interested parties in the housebuilding arm.</span></p> <p><span>Kier, now concentrating on construction and infrastructure services, reported group revenue of £1.8 billion during the half year, a drop from 2018’s …