Business
Half Yearly Report
Half Yearly Report.
About this update from Mj Gleeson Plc
[{"type":"text","content":"\n \nRNS Number : 6971P MJ Gleeson PLC 22 February 2016 \n\n \n22 February 2016\n \nMJ GLEESON PLC\n \nInterim results for the half-year ended 31 December 2015\n \nGleeson (GLE.L), the urban regeneration and strategic land specialist, announces another strong performance for the six months to 31 December 2015, with a 52.1% increase in revenue, 182.5% increase in operating profit and 66.7% increase in interim dividend.\n \n \n\n\n\n\n \n\n\n \nH1 15/16\n\n\n \nH1 14/15\n\n\n \nChange\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nContinuing operations\n\n\n£m\n\n\n£m\n\n\n%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nRevenue\n\n\n64.8\n\n\n42.6\n\n\n52.1%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nPre-exceptional operating profit\n\n\n11.3\n\n\n5.0\n\n\n126.0%\n\n\n\n\nOperating profit\n\n\n11.3\n\n\n4.0\n\n\n182.5%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nPre-exceptional profit before tax\n\n\n11.3\n\n\n4.9\n\n\n130.6%\n\n\n\n\nProfit before tax\n\n\n11.3\n\n\n3.9\n\n\n189.7%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNet cash outflow from operating & investing activities\n\n\n(2.2)\n\n\n(1.5)\n\n\n(46.7%)\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nCash and cash equivalents\n\n\n9.6\n\n\n8.4\n\n\n14.3%\n\n\n\n\nNet assets\n\n\n141.6\n\n\n128.9\n\n\n9.9%\n\n\n\n\n \n\n\n\n\n \n\n\nPence\n\n\nPence\n\n\n%\n\n\n\n\nEarnings per share (basic)\n\n\n16.60\n\n\n6.03\n\n\n175.3%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nInterim dividend per share\n\n\n4.5\n\n\n2.7\n\n\n66.7%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNet assets per share\n\n\n262\n\n\n240\n\n\n9.2%\n\n\n\n\n \n \n \n \nStrong growth in both divisions\n \n· Significant increase in revenue and profits driven by strong trading performances in Gleeson Homes and Gleeson Strategic Land\n· Gleeson Homes:\no Unit sales increased 24.6% to 400 units (H1 14/15: 321)\no Gross margin improved to 30.6% (H1 14/15: 28.8%)\no Operating profit increased by 48.1% to £7.7m (H1 14/15: £5.2m)\no Average selling price £125,000 (H1 14/15: £124,600)\no Land pipeline, including conditionally p...