Berkeley Group Holdings plc (BKG.L) announced its unaudited preliminary results for the year ended 30 April 2012 posting pre-tax profit of 214.82 million pounds, higher than last year's 136.25 million pounds.
Earnings per share were 112.8 pence, up from 70.3 pence in the prior year.
Revenue rose 40.2% to 1.04 billion pounds from a year ago.
The company's Chairman, Tony Pidgley, said, "I am delighted to report a strong performance again this year. Basic earnings per share have increased by 67.8%, our balance sheet remains strong and forward sales stand at over £1 billion..."
Berkeley's results for the year ended 30 April 2012 demonstrate a strong underlying operating performance which, along with further growth in forward sales, a strong balance sheet and a solid land bank, leaves the company well-positioned to meet its previous target of doubling its profit before tax from 110 million pounds to 220 million pounds by 30 April 2013.
Moving ahead, the focus of the business is to return the first milestone of 4.34 pounds per share in cash to shareholders by 30 September 2015 and the Board is confident that, subject only to the resilience of the wider market, this will be achieved.
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by RTT Staff Writer
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