Telford Homes Plc Reports Group Earnings Results for the Year Ended March 31, 2018
Telford Homes plc reported group earnings results for the year ended March 31, 2018. For the year, the group reported on non-GAAP basis total revenue of £316,241,000 compared to £291,921,000 a year ago. Total operating profit was £48,762,000 compared to £37,305,000 a year ago. Profit before income tax was £46,038,000 compared to £34,128,000 a year ago. Total profit after income tax was £37,415,000 compared to £27,519,000 a year ago. On GAAP basis, the company reported total revenue of £316,241,000 compared to £291,921,000 a year ago. Revenue was £294,781,000 compared to £265,975,000 a year ago. Operating profit was £47,437,000 compared to £36,773,000 a year ago. Profit before income tax was £46,308,000 compared to £34,632,000 a year ago. Profit after income tax was £37,415,000 compared to £27,519,000 a year ago. Earnings of 49.4 pence per diluted share compared to 36.6 pence per diluted share a year ago. Cash flow used in operating activities was £68,185,000 compared to net cash from operating activities was £314,266,000 a year ago. Purchase of property, plant and equipment was £2,105,000 compared to £387,000 a year ago.