Increase in Home Completions
Home completions increased by 12% to almost 4,600 homes, driving a healthy increase in profit.
Strong Order Book and Land Bank
The order book grew by around 20% to over 4,700 homes, and the company has a strong land bank totaling 95,000 plots.
Healthy Financial Performance
Underlying PBT increased by 11.9% to £150 million, and the interim dividend increased to 21p per share.
Strong Cash Flow and Low Net Debt
The company generated good operating cash flow and ended the period with low net debt of £8 million.
Future Growth Plans
The company is on track to deliver at least 8,500 homes this year, with a target of 10,000 homes by FY '27.