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Showing posts with the label Bovis Homes Group PLC Final results 2015

Record profits for Bovis Homes sees record profits as housing demand climbs

Strong financial performance  •Record legal completions of 3,934 homes (2014: 3,635) • 17% increase in revenue to £947m (2014: £809m), exceeding 1 times capital turn  • Operating profit margin of 17.3% (2014: 17.0%) Well positioned for future growth  • Over 19,800 consented plots across 142 sites  • Over 23,000 strategic plots across 80 sites - c8,000 plots with planning agreed  • Strong balance sheet with net cash of £30m (2014: £5m ) Improving cash returns  • 14% increase in dividend to 40p (2014: 35p) Despite the country  facing  a house-building crisis ,seventeen percent increase in revenue to £947m (2014: £809m), exceeding 1 times capital turn was made by national house builder Bovis homes Plc A decade ago, the Barker Review of Housing Supply noted that about 250,000 homes needed to be built every year to prevent spiralling house prices and a shortage of affordable homes. By building them out more slowly it ...