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Crest Nicholson FY Adj. Profit Rises - Quick Facts

Crest Nicholson Holdings plc (CRST.L) reported that its fiscal year adjusted operating profit rose strongly to 114.6 million pounds from 57.1 million pounds, prior year. Adjusted earnings per share was 33.9 pence compared to 14.5 pence. Adjusted profit before tax was 107.2 million pounds compared to 45.9 million pounds, ahead of the Group's expectations.

For the year ended 31 October 2021, pretax profit was 86.9 million pounds compared to a loss of 13.5 million pounds, last year. Profit per share was 27.5 pence compared to a loss of 4.2 pence.

Sales, including joint ventures, increased by 17.4% to 813.6 million pounds. Statutory revenue was 786.6 million pounds compared to 677.9 million pounds, prior year. The Group achieved 2,407 home completions in the period, up 7.1% on the prior year.

The Board proposed to pay a final dividend of 9.5 pence per share for the financial year end 31 October 2021 which is expected to be paid on 8 April 2022 to shareholders on the register at the close of business on 18 March 2022. This is in addition to the 4.1 pence per share interim dividend that was paid in October 2021.

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