Crest Nicholson forecasts £10m operating loss for the year
UKPulse Property Desk
British housebuilder Crest Nicholson has issued its third profit warning since April, forecasting a £10 million operating loss for the year ending October.
- Crest Nicholson forecasts a £10 million operating loss for the year ending October.
- This marks the company's third profit warning since April.
- The housebuilder expects to complete fewer homes due to subdued market conditions and affordability constraints.
British housebuilder Crest Nicholson has issued its third profit warning since April, forecasting a £10 million operating loss for the year ending October. The company anticipates completing fewer homes than expected.
This forecast is attributed to subdued market conditions and ongoing affordability constraints.