OPERATIONAL HIGHLIGHTS
· 3,536 homes delivered - includes more than 10% of London's new private and affordable homes
· £0.42 billion of subsidies provided to deliver affordable housing and committed to wider community and infrastructure benefits in the period
· Over 12,000 people working across our sites in the year and with 850 apprentices over the last two years
· The Berkeley Foundation won the Better Society Award for Best Partnership with a National Children's Charity for its partnership with The Lord's Taverners and continues its aim to improve the lives of young people and their communities across London and the South of England
EARNINGS
· £934.9 million of pre-tax profit, up 15.1% from £812.4 million
· Pre-tax profit guidance increased by £75 million to at least £1.575 billion for the two years ending 30 April 2019 and by a similar amount to at least £3.375 billion for the five year period which began on 1 May 2016
FINANCIAL POSITION
· Net cash of £687.3 million (April 2017: £285.5 million)
· Net asset value per share up 25.9% to £19.59 (April 2017: £15.56)
· Cash due on forward sales of £2.2 billion (April 2017: £2.7 billion)
· £6.0 billion of estimated future gross margin in the land bank (April 2017: £6.4 billion)
SHAREHOLDER RETURNS
· £9.34 per share already returned and a further £1.00 per share to be returned by 30 September 2018
· Remaining £6.00 (£0.84 billion) on target to be delivered evenly over the next 3 years to September 2021
· 4.0 million shares acquired in the year for £140.4 million and dividends paid of £146.7 million
https://www.investegate.co.uk/berkeley- ... 00049228R/