"The Group continues to make good progress on our Strategy to 2021, supported by the strong leadership of our reorganised management teams. Whilst we remain cautious of continuing macroeconomic uncertainty, all three businesses are focused on exciting targets and clearly defined plans to improve operating efficiency and grow both margins and revenue.

In Linden Homes the business is expected to report an improvement in the full year operating margin against the prior year. Partnerships & Regeneration remains on track to deliver revenue growth as the business benefits from geographic expansion and further margin improvement from a higher proportion of mixed-tenure revenue. Whilst Construction’s result will be impacted by the non-recurring charge, its underlying portfolio of newer projects continues to perform well, supporting the margin progress set out in the Strategy."

3 May 2017

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

13 Sep 2017 - Full Year Results

26 Oct 2017 - 2017 Final Dividend ex-dividend date

27 Oct 2017 - 2017 Final Dividend record date

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