Finance

2007 Interim Results - Profit Before Tax

• 9% increase in profit before interest and exceptionals to £59.6m (2006: £54.8m)
• 5% increase in profit before tax and exceptionals to £35.8m (2006: £34.1m)
• All three businesses performed ahead of expectations
• Housing operating margins of 14% in line with previous year
• Property profits up 50% to £15.3m
• Record Construction order book of £650m including preferred bidder contracts

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

• 2006: £34.1m (restated)
• 2005: £27.7m (restated)
• 2004: £23.7m (restated)
• 2003: £11.1m
• 2002: £7.5m
• 2001: £6.8m
• 2000: £6.1m
• 1999: £5.3m