Telford half year profit falls, eyes bumper 2013

East London focused residential developer Telford Homes said it is on target for full year results at similar levels to 2011, despite a fall in half year profit, and expects a significant profit spike in the year to 31 March 2013.

East London focused residential developer Telford Homes said it is on target for full year results at similar levels to 2011, despite a fall in half year profit, and expects a significant profit spike in the year to 31 March 2013.

Telford expects annual profit to more than double through 2013 on the back regeneration from the Olympics, the Westfield Stratford shopping centre and private sales.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.