Finance

2004 Interim Results - Profit Before Tax

• 11th successive year of interim profit growth
• 112% increase in profit before tax to £23.5m (2003: £11.1m)
• 63% increase in operating profit to £31.5m (2003: £19.3m)
• Housing profits up 61% to £26.6m (2003: £16.5m)
• Average unit selling price up 20% to £171,000
• Property profits up 87% to 4.3m (2003: £2.3m)
• Construction order book of £325m

Previous Interim Results - Profit Before Tax (excluding exceptional gains)

• 2003: £11.1m
• 2002: £7.5m
• 2001: £6.8m
• 2000: £6.1m
• 1999: £5.3m