Telford Homes plc Reports Group Earnings Results for the Year Ended March 31, 2019; Provides Profit Guidance for the Fiscal Year 2020
May 29, 2019 at 02:00 am EDT
Telford Homes plc reported group earnings results for the year ended March 31, 2019. For the year, the company reported total revenue of £354,329,000 compared to £316,241,000 a year ago. Revenue was £336,122,000 compared to £294,781,000 a year ago. Operating profit was £40,958,000 compared to £47,437,000 a year ago. Profit for the year was £33,631,000 compared to £37,415,000 a year ago. Basic earnings per share were 44.6 pence compared with 49.8 pence a year ago. Diluted earnings per share were 44.5 pence compared with 49.4 pence a year ago.
Beyond fiscal year 2020, the company continue to expect profits to grow again, reflecting its increased focus on lower risk and less capital intensive build to rent developments.