Transcription of BARRATT DEVELOPMENTS PLC
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BARRATT DEVELOPMENTS PLC
21 February 2018 BARRATT DEVELOPMENTS PLC Half year results for the six month period ended 31 December 2017 Strong first half performance m unless otherwise stated1,2 Half year ended 31 December 2017 Half year ended 31 December 2016 Change Total completions (plots)3 7,324 7,180 Revenue 1, 1, Profit from operations Operating margin (%) ppts Profit before tax Interim dividend per share (pence) ROCE (%) ppts Net Cash ( ) Highlights Strong operational and financial performance driven by good customer demand The UK s largest housebuilder with total completions3 for the first half at 7,324 plots Good growth in profit before tax, up to with ROCE up by ppts to Approved the purchase of (2016: ) of land reflecting confidence in the market, excellent land opportunities and commitment to discipli
During the period, we operated from an average of 376 outlets (including JV’s) (2016: 374 outlets). We have made good progress on new site openings, launching 93 new outlets (including JV’s) (2016: 83) in the half year.
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