MJ Gleeson to pay a final dividend of 9 pence per share on 24 November 2023, to shareholders on the register at the close of business on 27 October 2023. The total dividend for the year to 30 June 2023 will be 14 pence. The Board intends to maintain an earnings to ordinary dividend cover ratio of between three and five times.
Other financial highlights include:
Gleeson Homes:
1,723 homes sold (2022: 2,000)
Average selling price up by 11.3% at £186,200 (2022: £167,300), underlying prices up 7.6%
Gross profit margin on homes sold of 27.0% (2022: 29.0%)
Operating profit pre-exceptional items of £35.0m (2022: £51.2m)
82 build sites (30 June 2022: 87) of which 71 are actively selling (30 June 2022: 61)
Land pipeline up by 561 plots to 17,375 plots (2022: 16,814)
Gleeson Land:
Three land sales completed during the year (2022: six)
Six sites with planning or resolution to grant (2022: three)
Portfolio: 70 sites (2022: 71) with the potential to deliver 17,831 plots (2022: 20,241)
18 sites awaiting a planning decision (2022: 16 sites)
