Homebuilder Bovis Homes Group Plc (BVS.L) reported full-year 2012 profit before tax of 54.12 million pounds, up 69% from 32.1 million pounds in the prior year.
On a per share basis, earnings improved to 30.6 pence from 17.5 pence per share a year ago.
Annual revenues climbed 17% to 425.53 million pounds. Housing revenues were 402.0 million pounds, up 21% from 2011.
Operating margin improved to 13.4% from 10.0% a year earlier. Housing gross margin grew 1.8 percentage points to 22.6%.
David Ritchie, chief executive of the company said, "These improvements have been achieved through the compound positive effect of increased volumes, improved sales prices and stronger margins."
The board has also proposed a final dividend of 6.0 pence per share, to share holders of record on April 2, 2013, payable on May 24. Combined with the interim dividend paid of 3.0 pence, full-year dividend totals 9.0 pence, an increase of 80% from last year.
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