<p>Lovell Partnerships' revenue fell 31% to £165 million during the six months to June 30 2020 against the equivalent period last year, as the coronavirus crisis took hold.</p><p>In the second quarter of its half year, the partnership housing specialist’s revenue plummeted 60%, with almost all of its sites closed during the lockdown’s peak. This followed first quarter revenue growth of 11% against the previous year.</p><p>During the period, the company completed 412 mixed tenure units, down 16%, with the average sales price lifting slightly to £217,000 from HY 2019’s £214,000.</p><p>Lovell’s operating profit fell 53% to £3 million which it said reflected “the additional costs and lower unit completions from Covid-19”. </p><p>Its secured order book during the period was in a more positive shape at £1,234 million, 13% up on its year-end position.</p><p>Lovell said it expected to see higher unit completions in the second half, with profit for the full year anticipated to be “up towards” the previous year’s result. At the year ending December 31 2019, Lovell’s operating profit stood at £18.3 million, up 50% on 2018. </p><p>Lovell’s md Steve Coleby said: “As we announced our year end results back in February we could not have anticipated the deep and sudden …