The firm, which has built homes in areas such as Canary Wharf and Vauxhall, saw gross turnover, including from joint-venture projects, drop 15.5% to £251 million in 2016 after completing construction on fewer properties than a year earlier.
Pre-tax profit decreased to £55 million from £66 million, but they maintained a margin of 22%.
Hurley was upbeat about 2017 and said sales in the first five months “have been very good”.
The company expects turnover this year to reach £340 million.
