Highlights
Significant increase in housing completions with the Group responding to strong consumer demand across all regions
Private average selling price increased by 8.7% to £262,500 (2014: £241,600) driven by further changes in mix and house price inflation
Profit before tax increased by 44.8% to £565.5m (2014: £390.6m)
ROCE up 440 basis points to 23.9% (2014: 19.5%)
Strong cash generation resulting in net cash at 30 June 2015 of £186.5m (2014: £73.1m)
Continued to secure excellent land opportunities, approving 16,956 plots for purchase and maintained a controlled land supply of 4.5 years
Significant step up in the delivery of strategic land with 17% of FY15 (FY14: 10%) completions from strategically sourced land
Record cash returns
Total FY15 capital return of £250m (2014: £102m), equating to 25.1 pence per share (2014: 10.3 pence per share)
|
Capital returns for the financial year |
Year ended 30 June 2015 |
Year ended 30 June 2014 |
Change |
|
Total ordinary dividend per share (pence) |
15.1 |
10.3 |
46.6% |
|
Special cash payment per share (pence) |
10.0 |
- |
- |
|
Total capital return per share (pence) |
25.1 |
10.3 |
143.7% |
