Crest Nicholson says new year starts well after 2014 profit rise
LONDON, Jan 27 (Reuters) - British housebuilder Crest (BSE: CREST.BO - news) Nicholson said it was encouraged by the start to its new year after it posted a 34 percent rise in pretax profit in the year to end-October.
The company, which is focused on the south of the country, posted pretax profit before exceptionals of 116.7 million pounds ($176 million) on revenue up 21 percent to 636.3 million pounds.
"Crest Nicholson enters 2015 in a strong position and we are encouraged by the strong start to the year," said Chief Executive Stephen Stone. ($1 = 0.6629 pounds) (Reporting by Paul Sandle; editing by James Davey)