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5th Largest U K Builder Sees Profit Plunge 14%


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HOLA441

http://today.reuters.co.uk/news/newsarticl...ILSONBOWDEN.xml

LONDON (Reuters) - Wilson Bowden (WLB.L: Quote, Profile, Research), the country's fifth-biggest housebuilder,
reported a 14 percent drop in 2005 profit
on Wednesday after weathering what it called the most challenging housing market for many years.

At least they are hoping things might get a little better this year despite the retail crash, rising unemployment, affordability issues, inflation (council tax, electricity and gas bills, petrol......).

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HOLA442
weathering what it called the most challenging housing market for many years.

thats right. houses that they sold in 2002 for £89k were selling for £189k at no extra building cost.

incredibly difficult times they went through i must say. well done management....hooray !!!

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