Bovis Cuts Debt As House Sales Rise

Western MailMay 08, 2009

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HOUSEBUILDER Bovis Homes yesterday said its debt position was much improved after it focused efforts on selling its stock of unsold finished homes.

With reservations of private house sales ahead of last year, Bovis said net debt stood at pounds 47m, against pounds 108m at the end of 2008.

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Bovis Cuts Debt As House Sales Rise

As well as stronger than expected income, Bovis said debt improved on low levels ...

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