In recognition of the Group's continued growth and its planning consent achievements, the Inland Homes Board has declared the payment of a second interim dividend of 2.25p per share. This, together with the first interim dividend of 0.85p (2018: 0.65p) per share already paid, will make total dividends of 3.10p (2018: 2.20p) per share. As a result, there will be no proposed final dividend for the 15-month period ended 30 September 2019.
Other financial highlights include:
EPRA NAV up 13.2% to £233.9m (30 June 2018: £206.7m)
EPRA NAV per share 113.69p per share (30 June 2018:102.28p)
Revenue at £147.9m (30 June 2018: £147.4m)
Gross profit at £32.5m (30 June 2018: £31.8m)
Gross margin up to 22.0% (28 June 2018: 21.6%)
Profit before taxation at £25.0m (30 June 2018: £19.3m)
Net debt at £152.3m (30 June 2018: £79.7m), predominantly due to the increase in the land bank and work in progress; this is expected to fall as a number of realisations are achieved
EPRA net gearing of 65.1% (30 June 2018: 38.6%)
