11th Sep 2013 06:20
LONDON (Alliance News) - Barratt Developments plc (BDEV.L) reported pretax profit of 104.8 million pounds for the year ended 30 June 2013, compared to 100.0 million pounds, last year. Profit for the year attributable to equity shareholders increased to 75.0 million pounds or 7.5 pence per share, compared to 67.4 million pounds or 6.9 pence per share, a year ago. Before exceptional items, pretax profit increased to 192.3 million pounds, from 110.7 million pounds. Revenue from continuing operations rose to 2.61 billion pounds, from 2.32 billion pounds, a year ago. The Board of Barratt proposed a final dividend of 2.5 pence per share payable in November. The company said it is adopting a progressive dividend policy with a target of three times dividend cover for fiscal year 2016.
Copyright RTT News/dpa-AFX
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