| Item | 2016 result (£m) | % rise |
|---|---|---|
| Pretax profit | 195 | 27 |
| Statutory revenue | 997 | 24 |
| Land GDV | 10.6 | 2 |
| Statutory revenue through joint ventures | 3.3 | 37.5 |
Crest Nicholson Holdings racked up £1bn of sales last year.
In the housebuilder’s final results for the year ended 31 October 2016 it also posted a 27% year-on-year jump in pretax profit to £195m, and a 24% increase in statutory revenue to £997m from £804.8m last year.
It also recorded £3.3m in statutory revenue through joint ventures, up from £2.4m last year.
The company posted a 2% rise on the gross development value of its land pipelines from £10.4bn to £10.6bn and is on target to deliver £1.4bn in sales and 4,000 homes by 2019.
Stephen Stone, chief executive said: “We are increasing the number of homes built, opening new sites and ensuring that the pipeline of land that fuels our business is progressing through planning.”
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