Residential developer Crest Nicholson Holdings plc (CRST.L) reported Thursday that its first-half profit before tax was 36.3 million pounds, compared to last year's loss before tax of 51.2 million pounds.
Basic earnings per share were 11.2 pence, compared to loss of 15.8 pence per share in the prior year.
Adjusted profit before tax was 36.1 million pounds, compared to 4.5 million pounds a year ago. Adjusted basic earnings per share were 11.2 pence, compared to 1.4 pence a year ago.
Revenue in the period increased to 324.5 million pounds from 240.0 million pounds last year. Home completions increased to 1,0171 units from 775 units a year earlier.
Forward sales were 2,771 units with Gross Development Value or GDV of 691.8 million pounds as of June 18, compared to last year's 2,715 units and 575.1 million pounds, respectively.
Further, the company declared interim dividend of 4.1 pence per share, in line with dividend policy and reflecting confidence in outlook. The dividend is payable on October 14 to shareholders on the register on September 24.
Looking ahead for fiscal 2021, the company expects adjusted profit before tax to be at least 100 million pounds, including the Longcross Film Studio profit contribution.
The company in March said it expects fiscal 2021 adjusted pre-tax profit to be around 85 million pounds.
For comments and feedback contact: editorial@rttnews.com
Business News