Bovis Homes, one of Britain's smaller house-builders, has reported a pre-tax loss of £8.6 million for the first half of 2009. Group's revenues plunged to 123 million pounds, down by 18 per cent.
Bovis Homes constructed 754 homes during the first half of the current year, down from 851 in the same period previous year.
However, Longfield, Kent-based Bovis Homes is "cautiously optimistic" as it has started witnessing signs of stabilization in the housing market. It has plans to buy more land.