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Property developer achieved no sales in second half of its current financial year


Micro-cap residential property developer Trafalgar New Homes (TRAF:AIM) is under some pressure after confirming it will post no revenue in the second half of its March 2017 financial year. The guidance stems from the fact it is yet to sell a unit at two developments in Kent. Marketing began in February and sales from the sites are expected to contribute to the financial year ending March 2018. (TS)

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