Telford Homes trebles profit as demand soars

London-focused residential property developer Telford Homes said pre-tax profit increased three-fold and it expects another substantial increase in profit in the financial year ahead.

London-focused residential property developer Telford Homes said pre-tax profit increased three-fold and it expects another substantial increase in profit in the financial year ahead.

Pre-tax profit rose to £9.0m for the year ended March 31 2013 from £3.0m the same period a year earlier. Revenue climbed to £142.4m from £124.4m before.

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