Telford Homes expects better-than-expected pre-tax profit

April 13, 2016 6:21 AM

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LONDON, April 13 London-focussed housebuilder Telford Homes said it expected its full-year pre-tax profit to be slightly ahead of expectations as a lack of housing in the capital helps drive demand for its properties.

The firm, which built 661 homes in or around the British capital the previous year, is expected to post a pre-tax profit of 30.8 million pounds ($43.88 million) in the year to the end of March, according to a Thomson Reuters survey of three analysts.

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