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SPR | Springfield Properties plc: Profits head north. Debt heading south. FY25 profit will be 'significantly ahead of market expectations', according to Springfield's interim results, while debt over our three-year forecast period will fall substantially, then move to a net cash position. This comes with a sweeping redirection of Scotland's only listed housebuilder's operations to the rapidly growing North of Scotland, starting with a major sale agreement announced today with Barratt Redrow for land in Central Scotland. |
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