Taywood has housing operations in the UK, US and in Spain. Competition remains strong in the UK and margins are still under pressure.
Hurricane Wilma, which hit the east cost of the US, Mexico and the Caribbean last month, caused some interruption to Taywood's building plans mostly through power and labour shortages.
Nevertheless, the company does not expect any impact on its profits and is on course to complete three high rise projects in Florida during this financial year. Taywood has North American operations in Phoenix, California, Texas, Florida and Canada.