McStone’s profit suffers in subdued market

April 11, 2018
McCarthy & Stone’s pre-tax profit fell 52% during its half year as it continues to experience a subdued second hand market. It has also reacted to policy changes on ground rents. The retirement housebuilder’s pre-tax profit dropped to £10.5 million during the six months to February 28 2018 against the equivalent period last year. Total legal completions fell 12% to ...

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