Telford Homes Plc provided earnings guidance for the first half of the year to 31 March 2019. For the period, the company expects profit before tax will be lower than second half of 2019 but is expected to exceed the £8.7 million achieved in the six months to 30 September 2017. The company expects to remain confident that its approach to forward sales with increased visibility over profit recognition enhanced by their success in build to rent will enable them to deliver strong long term returns to their shareholders.