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| Bovis Homes anticipates good full year results Bovis Homes Group PLC issued the trading update ahead of reporting its preliminary results for the year ended 31st December 2006 on Monday, 12th March 2007. The group said housing legal completions increased by over 15% compared with the previous year. The average sales price increased by 4.7% to £183,700. The operating margin for the full year remained strong at approximately 23%. The group ended the year with cash on deposit which, when added to its banking facilities, provides the financial strength to fund the infrastructure commitments relating to large strategic sites. Bovis Homes has improved its forward sales position significantly compared with the same time last year. Over 25% of the projected 2007 legal completions are now reserved with profit margins in line with expectations. write your comments about the article :: © 2007 Construction News :: home page |