Berkeley Group’s preliminary results show pre-tax profits up 15.3% to £43.4m and turnover up £51m to £334m.
Commenting on the results, Chairman Graham Roper said: “A number of excellent larger sites have been acquired [during the year] thus establishing a good land platform for future years. The housing market is now stable and a strong forward sales position has been secured.”
Highlights of the results include:
- Pre-tax profits – increased by 15.3% to + (1995:£37.6m)
- Turnover – up for £283m to £334m
- Unit sales – up from 1411 to 1560
- Shareholders’ funds – increased to £319m, up from £224m
- Adjusted earnings per share – increased by 10.8% to 34.8p (1995:31.4p)
- Net cash in hand – £35.6m
- Proposed final dividend – 6.2p net per share, making total dividend of 8.5p net per share, an increase of 9.6%
EGi News 03/07/96
