Remove ads

Introducing the LemonFools Personal Finance Calculators

Barratt Developments Half Yearly Results.

Practical discussions about equity High-Yield Portfolios (HYP) for income
Forum rules
Tight HYP discussions only please - OT please discuss in strategies
idpickering
Lemon Quarter
Posts: 3923
Joined: November 4th, 2016, 5:04 pm
Has thanked: 560 times
Been thanked: 1152 times

Barratt Developments Half Yearly Results.

#199214

Postby idpickering » February 6th, 2019, 7:11 am

Highlights

· Britain's largest housebuilder with total completions3 for the first half at 7,622 homes, up 4.1%

· First half net private reservations of 0.64 (2017: 0.68) per active outlet per week

· Good progress on medium term targets including 200 bps improvement in gross margin to 22.6%

· Continued industry-leading customer satisfaction and build quality

· Our largest single charitable donation, £750,000, to RBLI to support the construction of a Centenary Village to provide crucial housing support to ex-servicemen and women

Current trading

· Net private reservations of 0.74 (2018: 0.78) per active outlet per average week

· Total forward sales3 up 7.3% to £3,021.0m as at 3 February 2019 (4 February 2018: £2,816.2m)

· Outlook for the full year remains in line with the Board's expectations

Capital Return Plan

· Further extended Capital Return Plan with ongoing commitment to ordinary dividend cover at 2.5 times and intention to pay special returns of £175m in November 2019 and £175m in November 2020


https://www.investegate.co.uk/barratt-d ... 00021773P/

Return to “High Yield Portfolios (HYP) - Practical”

Who is online

Users browsing this forum: stacpo and 4 guests