Trading Update

RNS Number : 8996A

MJ Gleeson PLC

04 January 2018

 

MJ Gleeson plc

(GLE.L)

Notice of Results & Trading Update

MJ Gleeson plc (GLE.L), the urban regeneration and strategic land specialist, will report results for the half-year ended 31 December 2017 ("H1 FY2018") on Monday 19 February 2018.  There will be a presentation to analysts at 11:00am at Instinctif Partners, 65 Gresham Street, London, EC2V 7NQ.

Gleeson Homes completed the sale of 593 units, an increase of 31% on the previous half-year's total of 451 unit completions.

Gleeson Strategic Land sold three sites, the same number as the previous half-year. These were smaller sites and as indicated in the AGM Statement issued on 7 December 2017 this will lead to the division's first half-year results being lower than those of the prior year comparable period and second-half results being higher than those of the prior year comparable period.

The Group results for the first half-year are expected to comfortably exceed those of the prior year comparable period.

The Board maintains its guidance that the results for the full year to 30 June 2018 will be in line with its expectations.

4 January 2018

Enquiries:

MJ Gleeson plc		Tel: [phone]
Jolyon Harrison	Chief Executive Officer
Stefan Allanson	Chief Financial Officer
Instinctif Partners		Tel: [phone]
Mark Garraway
Helen Tarbet
James Gray
N+1 Singer		Tel: [phone]
Shaun Dobson
Alex Laughton-Scott
Liberum		Tel: [phone]
Neil Patel
Richard Bootle

 

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