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| Bovis Homes reports 13.7 percent rise in annual profit  U.K. construction firm Bovis Homes said its pre tax profit rose 13.7% to £132.0 million before one-off pension credit of £3.5 million. Sector leading operating margin fall from 24% in 2005 to 23.1% a year later. Final dividend increased by 20% to 20.0p net per ordinary share making 30.0p for the year (2005: 25.0p). Strategic land holdings increased to 24,719 potential plots (2005: 22,166 potential plots).Malcolm Harris, the Chief Executive of Bovis Homes Group PLC said 2006 was a year of excellent progress, with good growth in pre-tax profits, a high return on capital employed and strong cash management. "Future sustainable growth is underpinned by enhanced land holdings and an excellent forward sales position which is over 15% ahead of the comparable position in 2006." write your comments about the article :: © 2007 Construction News :: home page |