“The Group delivered another strong performance in the first half. Our reorganised management teams have settled well and are making positive strides towards their respective operating and financial targets.

We continue to see robust demand and pricing in residential markets, for both Linden Homes and Partnerships and Regeneration, driving good rates of sale, and the land market remains benign in all regions. Linden Homes continues to achieve margin improvement, including much improved overhead efficiency. Partnerships achieved a higher proportion of mixed tenure development revenue, resulting also in first-half margin growth. Construction is making steady progress in resolving legacy contracts, and the contribution from newer work is encouraging, demonstrating that the underlying business is strong."

Peter Truscott / Chief Executive

Group revenue1


1'Revenue' includes share of joint ventures' revenue of £72.3 million (H1 2016: £82.6 million). 'Group revenue', where stated, excludes share of joint ventures.

Profit before tax


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Results Centre

  • £1,235m

    Group revenue

  • £63.0m

    Profit before tax

  • 61.9p

    Earnings per share

Half year results for the six months ended 31 December 2016

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Details of our results 

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Financial Events

11 May 2017 - 2017 H2 Interim Management Statement

11 Jul 2017 - Full Year Results Trading Update

13 Sep 2017 - Full Year Results

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