Property Firm Back in Black

Summary


THE REGENERATION specialist behind a multi-million pound housing scheme in Darlington has swung back into the black as it recorded its first full-year profit in three years.

St Modwen Properties turned a pounds 119.4m loss in 2009 into a pre-tax profit of pounds 37.5m in the year to November 30, 2010.

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Extract


Property Firm Back in Black

The improvement was attributed to a near trebling of profits from the sale of property,...

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