Performance Highlights
Housing legal completions up 3% at 1,124 (2014: 1,091); open market unit completions up 8%.
Sales per outlet week pre Private Rental Sector sales (PRS) up 12% at 0.93 (2014: 0.83).
Housing revenue up 29% on 2014 reflecting volume growth and both sales price and location mix impacts on open market Average Selling Prices (ASP).
Operating profit margins up 60bps at 19.1% (2014: 18.5%) driven by increased overhead efficiency.
Earnings per share up 51% for half year; full year growth expected to be in range of 20-25%.
Good additions to both short-term and strategic land pipelines; overall GDV of land pipeline now £10.1bn (2014: £8.2bn), up 22%.
Forward sales at mid-June 2015 of £436.4m (2014: £347.3), 26% ahead of prior year.
Interim dividend proposed of 6.4p per share (2014: 4.1p), up 56%.
On track with three year plan to drive revenue growth towards £1bn by October 2016.
Further targets established, to grow towards 4,000 homes and £1.4bn revenue by 2019.
