Highlights
· The UK's largest housebuilder with total completions including joint ventures ('JVs') at 17,395 (2016: 17,319), the highest level of completions in nine years
· Profit before tax expected to increase to around £765m (2016: £682.3m), ahead of market expectations(1)
· Expect to deliver our financial targets set in 2014 of 20% gross profit margin and 25% return on capital employed ('ROCE')(2) for FY17
· Year end net cash(3) balance of c. £720m (30 June 2016: £592.0m), ahead of guidance, driven by strong performance and the timing of land and working capital payments
https://www.investegate.co.uk/barratt-d ... 00027638K/