Group financial highlights:
· Completed a Group total of 6,541 homes (H1 2018: 6,497), excluding joint ventures
· Operating profit* of £311.9 million (H1 2018: £344.3 million), reflecting higher build costs and geographic mix, partly offset by higher volumes, delivering an operating profit margin of 18.0% (H1 2018: 20.0%)
· Profit before tax of £299.8 million (H1 2018: £301.0 million)
· Net cash‡ of £392.0 million as at 30 June 2019 (1 July 2018: £525.1 million), due to timing of land payments and investment in work in progress, reflecting the increased order book
· 2019 full year results expected to be in line with expectations
And later;
Dividends
· Interim ordinary dividend of 3.84 pence per share (H1 2018: 2.44 pence per share) to be paid in November 2019, bringing 2019 total dividends in the year to c.£600 million or c.18.34 pence per share (2018 total: £500 million)
· 2020 special dividend announced of £360 million (c.11.0 pence per share) to be paid in July 2020 subject to shareholder approval (2019: c.£350 million or 10.7 pence per share)
o 2020 total dividends expected to be c.£610 million or c.18.6 pence per share
https://www.investegate.co.uk/taylor-wi ... 00122785H/