.15 Nov 2016 07:07
impressive results:
· Underlying profit before tax2 increased by 19% to £105.0m (FY15: £88.4m)
· Revenue increased by 31% to a new record of £635.9m (FY15: £485.7m)
· Legal completions increased by 20% to 2,299 units (FY15: 1,923)
· Net average selling price increased by 8% to £259k (FY15: £239k)
· Adjusted underlying earnings per share3 increased by 9% to 16.1p (FY15: 14.8p)
· Strengthened financial position, with £52.8m of net cash4 (FY15: £44.4m of net debt) at the year end
· The Directors are proposing a final dividend of 3.5 pence per share in accordance with previous guidance given within our half year results. This follows the (pro-rata) interim dividend of 1.0 pence per share, giving a total dividend for the year of 4.5 pence per share