Highlights
Sales target of £1bn reached
Statutory revenues of £997.0m plus £3.3m through joint ventures (2015: £804.8m and £2.4m) - up 24%
Volumes up 5% at 2,870 homes (2015: 2,725)
Pre-tax profit up 27% to £195.0m (2015: £154.0m)
Operating profit margin up to 20.4% (2015: 20.3%)
Return on capital employed improving to 31.3% (2015: 26.8%)
Net cash at year-end of £77m (2015: Net debt of £30.6m and gearing of 4.9%)
Gross development value of land pipelines up 2% to £10,646m (2015: £10,466m)
Forward sales at mid-January of £533.5m (2015: £511.8m), 4% ahead of prior year with 37% of this year's forecast secured (2015: 37%)
Total dividend of 27.6p up 40% and covered 2.25x by earnings (2015: 19.7p and 2.5x cover); re-iterating commitment to 2.0x dividend cover by 2017
On target to deliver £1.4bn sales and 4,000 homes by 2019
