Inland Homes Plc expects revenue for FY 20 to be no less than £135.0 million

Inland Homes Plc (LON: INL), ahead of its preliminary results has released a trading update for the year ended 30 September 2020.

  • The company is expecting the revenue for the year to be no less than £135.0 million as compared to £147.9 million for fifteen-month period to 30 September 2019.
  • The company achieved a reduction of Net Debt to £138.3 million (including gross debt of £149.3 million, as compared to £152.3 million for 30 September 2019.
  • The company was having cash and cash equivalents of £11.0 million as compared to £10.9 million as of 30 September 2019.
  • On 26 October 2020, the stocks of the company improved by 1.92% from its previous closing, hovering at around GBX 53.00 at 08:12 AM GMT+1.

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