Glenveagh Properties Plc reports a 238% rise in revenue for FY2019

  • Jan 07, 2020 GMT
  • Team Kalkine
  Glenveagh Properties Plc (LON: GLV) ahead of the publication of its full-year results on Friday, 28 February 2020, a trading update for the year ended 31 December 2019.
  • Revenues for the year were around €284 million, up 238 per cent as compared €84 million in 2018.
  • The group’ sales performance too remained strong with 844-unit sales, up 207 per cent as compared to 275-unit sales in 2018.
  • The Group produced the 844 units from 14 selling sites as compared to 8 in 2018 and finished the year with 240 units signed or reserved for 2020 as compared to 202 units in 2018.
  • Unit sales gross margin improved to around 18 per cent as compared to 17 per cent in 2018.
  • On 7th January 2020, at the time of writing, GMT 08:09 AM, GLV shares were trading at EUR 0.88, up by 0.02 points or 1.85% against the previous day closing price.

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