Sales and margin up at Linden

Sept. 16, 2015
<p>Linden Homes has seen its margin increase to 16% in the year to June 30 on the back of increased sales and prices.</p> <p>The figures are revealed in Galliford Try's latest annual results released today (September 16) in which GT says housebuilding revenue is up 11% to £1,108 million with private completions at 3,177, a small increase from 3,107 last year.</p> <p>Linden's average selling price is up 7% to £327,000 and current sales per outlet are up 20% on last year.</p> <p>GT's executive chairman Greg Fitzgerald said: "In housebuilding we have achieved progress on margins and made strides towards further enhancement, implementing some operational restructuring and other business improvement initiatives."</p> <p>GT will have a new group ceo on October 1 when Peter Truscott takes up the role. Fitzgerald will become non-executive chairman at the beginning iof 2016.</p>

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