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Showing posts with the label Final Results for the year 2015

Persimmon plc House Builder announces profits for Final Results for the year ended 31 December 2015

Persimmon Plc , a leading house builder has also posted bumper profits, in line with yesterdays results for Bovis homes Highlights • An outstanding performance for the year • Underlying profit before tax* increased by 34% to £637.8m (2014: £475.0m) • Full year revenue up 13% to £2.9bn (2014: £2.6bn) • Legal completions increased by 8% to 14,572 (2014: 13,509) and average selling price increased 4.5% to £199,127 (2014: £190,533) • Operating margin* increased to 21.9% (2014: 18.4%); with second half improvement to 23.0% • 24% increase in cash generation pre capital returns to £483m (2014: £388m) • Return on average capital employed* increased by 30% to 32.1% (2014: 24.6%) • A further 20,501 plots of land acquired in the year, with 6,739 plots successfully converted from the Group's strategic land portfolio • Underlying basic earnings per share* increased by 39% to 173.0p (2014: 124.5p) • Net cash of £570.4m at 31 De...