Housebuilder Vistry has seen profits tumble after cost reporting issues in its Southern division, but is hoping for a boost from the Government’s £2 billion affordable homes pledge.
The group saw pre-tax profits plunge by 64% to £104.9 million in a “challenging” 2024, with results dragged lower by a £91.5 million hit for cost forecasting errors in its Southern business, as well as the impact of some deal delays.
