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Homebuilding

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Telford Homes Says Well Placed To Achieve Goal Of £50 Mln

Thursday, 12 Jul 2018 02:00am EDT

July 12 (Reuters) - Telford Homes PLC ::REMAIN WELL PLACED TO ACHIEVE STATED GOAL OF EXCEEDING £50 MILLION OF TOTAL PRE-TAX PROFIT FOR YEAR TO 31 MARCH 2019.

Kaufman & Broad H1 Overall Backlog Up 27.9 pct To More Than EUR 2 Bln

Wednesday, 11 Jul 2018 12:39pm EDT

July 11 (Reuters) - Kaufman & Broad SA ::H1 OVERALL BACKLOG UP 27.9%, TO MORE THAN EUR 2 BILLION.UPWARDS REVISION OF ANNUAL OUTLOOK.H1 ADJUSTED EBIT EUR 77.6 MILLION VERSUS EUR 52.1 MILLION YEAR AGO.SAYS GROUP IS PLANNING TO LAUNCH 86 NEW PROGRAMMES IN 2(ND) HALF OF 2018, INCLUDING 31 IN ÎLE-DE-FRANCE REGION.H1 REVENUE EUR 776.9 MILLION VERSUS EUR 627.7 MILLION YEAR AGO.BELIEVES THAT ITS REVENUE GROWTH FOR THE FULL FINANCIAL YEAR SHOULD BE MORE THAN 10%.H1 NET INCOME EUR GROUP SHARE EUR 37.8 MILLION VERSUS EUR 20.2 MILLION YEAR AGO.BELIEVES FY GROSS MARGIN IS EXPECTED TO REMAIN AT ABOUT 19%, WHILE ADJUSTED EBIT IS EXPECTED TO INCREASE TO ABOUT 9%.FOR 2018 FINANCIAL YEAR, GROUP BELIEVES THAT ITS REVENUE GROWTH SHOULD BE MORE THAN 10%.DIVIDEND WILL INCREASE IN THE SAME PROPORTIONS.2018 GROSS MARGIN IS EXPECTED TO REMAIN AT ABOUT 19%, WHILE ADJUSTED EBIT IS EXPECTED TO INCREASE TO ABOUT 9%..SAYS FOR 2018 FINANCIAL YEAR, GROUP BELIEVES THAT ITS REVENUE GROWTH SHOULD BE MORE THAN 10%.SAYS 2018 GROSS MARGIN IS EXPECTED TO REMAIN AT ABOUT 19%, WHILE ADJUSTED EBIT IS EXPECTED TO INCREASE TO ABOUT 9%.

Shenzhen New Nanshan Says Board Appoints Wang Shiyun As General Manager

Friday, 6 Jul 2018 06:00am EDT

July 6 (Reuters) - Shenzhen New Nanshan Holding Group Co Ltd <002314.SZ>::SAYS BOARD APPOINTS WANG SHIYUN AS GENERAL MANAGER.

KB Home Reports Q2 Earnings Per Share $0.57

Thursday, 28 Jun 2018 04:10pm EDT

June 28 (Reuters) - KB Home ::REPORTS 2018 SECOND QUARTER RESULTS.Q2 EARNINGS PER SHARE $0.57.Q2 REVENUE $1.1 BILLION VERSUS I/B/E/S VIEW $1.04 BILLION.Q2 EARNINGS PER SHARE VIEW $0.48 -- THOMSON REUTERS I/B/E/S.Q2 ADJUSTED EARNINGS PER SHARE $0.97 EXCLUDING ITEMS.QTRLY DELIVERIES INCREASED 5% TO 2,717 HOMES.QTRLY NET ORDERS INCREASED 3% TO 3,532.INVENTORIES AT QUARTER-END INCREASED 6% TO $3.46 BILLION.QTRLY NET ORDER VALUE DECREASED 2% TO $1.36 BILLION.QUARTER ENDING BACKLOG VALUE GREW 3% TO $2.24 BILLION.

Milestone Builder Holdings Posts FY Profit Attributable HK$13.4 MLN

Thursday, 28 Jun 2018 07:05am EDT

June 28 (Reuters) - Milestone Builder Holdings Ltd <1667.HK>::REVENUE FOR YEAR ENDED 31 MARCH 2018 WAS HK$531.9 MILLION, UP 30.6%.FY PROFIT ATTRIBUTABLE HK$13.4 MILLION, UP 65.4%.

Pico Holdings Announces Sale Of 500 Acre-Feet Of Water Rights In Lyon County

Monday, 25 Jun 2018 04:35pm EDT

June 25 (Reuters) - Pico Holdings Inc ::PRESS RELEASE - PICO HOLDINGS, INC. ANNOUNCES THE SALE OF 500 ACRE-FEET OF WATER RIGHTS IN LYON COUNTY, NEVADA AND AN AGREEMENT FOR THE SALE OF 70 ACRE-FEET OF WATER RIGHTS IN THE NORTH VALLEYS REGION OF RENO, NEVADA.PICO HOLDINGS INC ANNOUNCES SALE OF 500 ACRE-FEET OF WATER RIGHTS IN LYON COUNTY, NEVADA FOR PROCEEDS OF $10 MILLION.PICO HOLDINGS INC - CO'S UNIT'S SUBSIDIARY HAS AGREED TO SELL 70.52 ACRE-FEET OF WATER RIGHTS FOR $35,000 PER ACRE-FOOT.

Green Brick Partners Announces Proposed Offering Of 10.7 Mln Shares Of Common Stock

Monday, 18 Jun 2018 05:01pm EDT

June 18 (Reuters) - Green Brick Partners Inc ::GREEN BRICK PARTNERS, INC. ANNOUNCES PROPOSED OFFERING OF COMMON STOCK.SAYS OFFERING 10.7 MILLION COMMON SHARES.

8990 Holdings Sees Urban Deca Homes Manila Contributing 4.4 Bln Pesos In Revenues In 2018

Tuesday, 12 Jun 2018 08:18pm EDT

June 13 (Reuters) - 8990 Holdings Inc ::URBAN DECA HOMES MANILA PROJECTED TO CONTRIBUTE 4.4 BILLION PESOS IN REVENUES FOR 2018.CO IS PREPARED TO SPEND TOTAL OF 8 BILLION PESOS UNTIL 2020 ON URBAN DECA HOMES MANILA PROJECT.

Bellway Says Value Of Order Book Rose To £1,703 Mln As At June 3

Tuesday, 12 Jun 2018 02:00am EDT

June 12 (Reuters) - Bellway PLC ::BOARD EXPECTS COMPLETIONS FOR YEAR ENDING 31 JULY 2018 TO EXCEED THOSE ACHIEVED LAST YEAR BY AROUND 600 UNITS.VALUE OF ORDER BOOK AT 3 JUNE IS 7.8 PCT AHEAD AT £1,703 MILLION (4 JUNE 2017 - £1,580 MILLION).ORDER BOOK AT 3 JUNE COMPRISES 6,144 HOMES (4 JUNE 2017 - 5,819 HOMES), OF WHICH 67 PCT ARE CONTRACTED.FOR FULL YEAR, BELLWAY IS ON TARGET TO COMPLETE SALE OF IN EXCESS OF 10,000 HOMES.BELLWAY PLC SAYS DEMAND FOR NEW BUILD HOMES "REMAINED STRONG" IN THE PERIOD FROM 1 FEBRUARY TO 3 JUNE 2018.

Crest Nicholson HY Profit Before Tax Falls 2 Pct

Tuesday, 12 Jun 2018 02:00am EDT

June 12 (Reuters) - Crest Nicholson Holdings PLC ::FORWARD SALES AT MID-JUNE 2018 OF £568.2M (2017: £540.4M), 5% AHEAD OF PRIOR YEAR.HY HOUSING UNITS AT 1,251 UP 18% ON PRIOR YEAR.HY PROFIT BEFORE TAX 74.8 MILLION STG VERSUS 76.2 MILLION STG.GENERALLY FLAT PRICING AGAINST A BACK-DROP OF CONTINUING BUILD COST INFLATION HAS HAD ADVERSE IMPACT ON MARGINS.HY REVENUE 473.8 MILLION STG VERSUS 419.7 MILLION STG.HY OPEN MARKET AVERAGE SELLING PRICES (EXCLUDING PRS) UP 5% AT £439K.OPERATING MARGINS FOR NEXT YEAR ARE EXPECTED TO BE AT A SIMILAR LEVEL TO THIS YEAR, AT AROUND 18%.

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