Telford Homes plc Reports Group Earnings Results for the Year Ended March 31, 2019; Provides Profit Guidance for the Fiscal Year 2020
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.