• Text size      
  • Send this article to a friend
  • Print this article

Bovis pre-tax profits hit £79m

HOUSEBUILDER Bovis has said pre-tax profits increased 48% to £78.8 million last year after it achieved a 19% rise in legal completions to 2813 homes.

Its average sales price rose 14% to £195,100 as a result of it selling more larger homes and it had a greater proportion of higher value sites in the south of England.

Group revenue was up 31% from £425.5m to £556m while margins also improved. David Ritchie, chief executive, said: "The housing market is recovering."

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.