UK homebuilder Crest Nicholson sees profit dip amid margin pressure
Nov 20 (Reuters) -British homebuilder Crest Nicholson CRST.L said on Wednesday it expects annual profit to be at the lower end of its previous forecast range, partly hurt by the higher proportion of low-margin affordable homes delivered in the year.
The company, which has struggled with operational problems and low operating margins, forecast adjusted pre-tax profit to be at the bottom end of its 22 million pounds to 29 million pounds ($27.9 million to $36.8 million) outlook range guided previously.
($1 = 0.7873 pounds)
Reporting by Aby Jose Koilparambil in Bengaluru
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