Pre-tax profits for UK housebuilder Bovis Homes fell by more than a quarter in 2017 to £114m ($158m), after it absorbed £10.3m in "exceptional" costs. Bovis completed 3,645 homes in 2017, 8% lower than the previous year, confirming a building slowdown as it focuses on quality. Among them was £3.5m in customer care provision, following a slew of complaints about electrical and plumbing faults in new homes. The company said the costs were due to an increase in its workforce from 5,300 people last year to 6,700 this year.
Pre-tax profits for UK housebuilder Bovis Homes fell by more than a quarter in 2017 to £114m ($158m), after it absorbed £10.3m in "exceptional" costs. Among them was £3.5m in customer care provision, following a slew of complaints about electrical and plumbing faults in new homes. The company said the costs were due to an increase in its workforce from 5,300 people last year to 6,700 this year.