LONDON Dec 28 Bovis Homes said it would
not deliver the number of houses it originally expected in 2016,
after about 180 sales failed to complete before the end of the
year, resulting in a likely miss against market profit
The British company said volume delivery for the year would
be lower than previously anticipated at between 3,950 and 4,000
homes, as it experienced slower-than-expected build rates during
Profit before tax for year ending Dec. 31 was expected to be
within a range of 160 million to 170 million pounds, depending
on final volume delivery, it said.
Analysts were expecting on average profit to be 183 million
pounds ($225 million), according to Thomson Reuters data.
($1 = 0.8139 pounds)
(Reporting by Paul Sandle. Editing by Jane Merriman)