Operating profit at Churchill slips due to growing build costs

Churchill Retirement Living's Riverain Lodge, Taunton, Somerset

Rising construction costs dampened operating profit and margins at Churchill Retirement Living despite growing revenues. Following the pandemic, the housebuilder has faced other challenges, including global inflationary pressures and increasing build costs, and a war in Ukraine, which have continued to impact customers’ confidence and day-to-day operations. Its financial results for the year ended 30…

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