Redrow 2018 Final results
Group revenue up 16% to a record £1.92bn driven by higher legal completions
and a 7% increase in Average Selling Price to £332,300
Operating margin rose to 19.9% (2017: 19.4%)
Record pre-tax profit of £380m, up 21% (2017: £315m)
Earnings per share up 22% to 85.3p
Return on Capital Employed up 10% to 28.5% (2017: 26.0%)
Positive cash position of £63m at June 2018 (2017: net debt of £73m)
Proposed final dividend of 19p per share, making 28p for the full year, up 65%
