The Board proposes to pay a final dividend of 21.8 pence per share for the financial year end 31 October 2019 which, subject to shareholder approval, is expected to be paid on 9 April 2020 to shareholders on the register at the close of business on 20 March 2020.
Other financial highlights include:
Sales, including the Group's share from joint ventures, at £1,094.9m (2018: £1,122.0m)
Home completions down 4% at 2,912 (2018: 3,048) units
Net cash at year end increase to £37.2m (2018: £14.1m)
Adjusted operating profit margin at 12.2% (2018: 16.2%)
Adjusted profit before tax down to £121.1m (2018: £168.7m) in line with previous guidance
Exceptional charge in respect of fire-risk of £18.4m
Statutory profit before tax of £102.7m (2018: £168.7m)
Forward sales at mid-January of £503.5m (2018: £648.3m)
Significant improvements in customer service
