Huntly-based property firm Deveron Homes has reported a significant increase in turnover.
The company has recorded a 6.6% increase in turnover from £3.9m to £4.2m, achieved partly thanks to a number of internal efficiency measures coupled with improved revenue performance.
David Morrison, Deveron Homes’ finance director attributed the increase to the slow recovery of the property market and the company becoming more efficient overall.
He said: “Whilst we are very pleased with our latest results, we remain cautious. The board has instigated improvements to the core structure of our business and these measures, together with increasing customer confidence, have helped us sustain our plan for growth.”
The company said that, whilst early indications of trading for the first half 2011 were generally in line with projections, the second half of the year had already shown a further upward trend.
Deveron Homes set out its priorities for the rest of the current financial year as expanding its presence in areas outwith the North east, improving its gross margin and developing a number of strategic initiatives.
Contact: Deveron Homes