Bovis Homes Half Yearly Results

Half yearly results stated:

Problems experienced in H2 2016 and the costs incurred to remedy these issues
Half one Profit Before Tax is down 28% to £45.9m after absorbing a £3.5m customer care provision and management has reiterated expectations for the full year
Management has committed to reducing overhead costs and rebuilding the gross margin

As of 8:40am the stock was trading up c.+8.56% at c.1143.50p