12 July 2012 – AGM statement

Continued strength in the London property market has helped Telford to perform well and pre-tax profits in the first quarter of the financial year (the three months to 30 June) are already higher than £3m achieved in the financial year to 31 March 2012.  Sales are being secured at a steady rate across all the group’s developments and the outlook remains strong.  The shares remain a BUY.