Profit boost at Miller Homes

Sept. 11, 2012
<p>Miller Group's housing division has reported a significant rise in operating profit for the half year to the end of June 2012, reaching £4.4 million compared with a £35.2 million loss last year.</p> <p>Revenue stayed steady at £124.8 million (£124.3 million) with completions in the core business down to 711 from 791 but with a higher average selling price of £170,000 (£154,000).</p> <p>Miller group ceo Keith Miller said: "We are continuing to invest in high quality land and we anticipate spending £55 million on new housing land during the remainder of the year which will support further sales outlet growth into 2013 and beyond."</p>

Continue reading

To continue reading this article please login or register.

Login

Forgot your password?

Register for free

Quick and free registration

Register