Finance

2004 Final Results - Shareholders' Funds

• Shareholders' Funds increased to £205.4m
• 11th successive year of increased profits
• 31% increase in profit before tax to £52.5m (2003: £40.2m)
• 24% increase in profit before interest to £70m (2003: £56.6m)
• Housing margins up 25% to 15% (2003: 12%)
• Record investment of £0.5bn in Housing land and commercial property
• Record Construction order book of £320m

Previous Results - Shareholders' Funds

• 2003: £183.2m
• 2002: £159.5m
• 2001: £144.2m
• 2000: £113.5m
• 1999: £102.2m
• 1998: £91.5m