McCarthy & Stone posts plummeting pre-tax profit

McCarthy & Stone Beechfield Court: Photographer Freia Turland

Continuing uncertainty and challenging market conditions dented half-year results at retirement housebuilder McCarthy & Stone, which posted a 66% drop in pre-tax profit. In the six months to 28 February 2019, the group saw profit before tax fall to £3.6m (2018: £10.5m). This was impacted by £14m of charges in relation to delivery of the…

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