LONDON (Alliance News) - Inland Homes PLC on Wednesday said its full-year results will be delayed as it considers whether to consolidate Drayton Garden Village Ltd into its results.
However, the company confirmed that whether or not it should decide to include Drayton Garden Village, its pretax profit for the year to the end of June will be significantly ahead of the GBP12.7 million previous market forecast.
Inland sold 205 plots at Drayton in June to an unnamed "major housebuilder" for GBP19.0 million.
It said that due to these considerations, its results will be published on or before October 19, rather than on Wednesday, as had been planned.
Shares in Inland were down 0.5% at 71.50 pence on Wednesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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