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| Bovis Homes posted a 20-percent fall in 2005 profit Bovis Home, one of Britain's leading house builders, announced its preliminary results for 2005. Pre tax profit last year dropped to £116.1 million (2004: £144.8 million), mainly due to an increased proportion of cheaper houses. Year end net borrowings of £61.8 million (10% geared). Operating margin at 24.0% (2004: 27.1%). Plots with planning consent increased by 1, 610 plots to 13, 138 plots (4.9 years land supply) (owned: 12, 696 plots/ controlled: 442 plots). Strategic landholdings at 22, 116 potential plots (circa 8 years potential land supply) after gaining planning consent on 2, 384 plots during 2005. write your comments about the article :: © 2006 Construction News :: home page |