Crest Nicholson Holdings plc announced consolidated earnings results for the full year ended October 31, 2017. For the year, the company reported revenues of £1,043.2 million compared with £997.0 million for the same period a year ago. Operating profit was £211.6 million compared with £203.8 million for the same period a year ago. Profit before tax was £207.0 million compared with £195.0 million for the same period a year ago. Profit for the year attributable to equity shareholders was £168.6 million or 65.1 pence per diluted share compared with £156.8 million or 60.9 pence per diluted share for the same period a year ago. Net cash inflow from operating activities was £23.3 million compared with £153.8 million for the same period a year ago. Purchase of property, plant and equipment was £2.5 million compared with £1.8 million for the same period a year ago. Average net debt for the year was £110 million.

For the year 2018, the company's average net debt expected to rise somewhere in the region of £170 million to £190 million for 2018. The underlying rate of corporation tax for the group is about 19% for 2018. Operating profit margins expects to moderate coming into 2018.

The company targeting to deliver £1.4 billion of sales in 2019 in a stable market.