Crest Nicholson Holdings plc Proposes Final Dividend for the Financial Year Ended October 31, 2018, Payable on April 18, 2019; Announces Consolidated Earnings Results for the Year Ended October 31, 2018
January 29, 2019 at 12:42 pm IST
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Crest Nicholson Holdings plc proposed to pay a final dividend of 21.8 pence per share for the financial year ended 31st October 2018, which, subject to shareholder approval, is expected to be paid on 18th April 2019 to shareholders on the register at the close of business on 22nd March 2019. If approved, the total dividend paid from 2018 earnings of 55.7 pence per share would be 33.0 pence per share, equal to the dividend paid for 2017.
The company announced consolidated earnings results for the year ended October 31, 2018. For the full year, the company reported revenue was £1,136.1 million against £1,043.2 million a year ago. Operating profit was £189.8 million against £211.6 million a year ago. Profit for the year attributable to equity shareholders was £142.8 million against £168.6 million a year ago. Basic earnings per ordinary share of 55.7 pence against 66.1 pence a year ago. Diluted earnings per ordinary share of 55.4 pence against 65.1 pence a year ago.
Crest Nicholson Holdings plc is a United Kingdom-based residential housebuilder. The Company has seven housebuilding divisions: Southwest, South, Chiltern, Midlands, Eastern, and Yorkshire. The division has two primary functions, which is building and establishing strategic relationships with registered providers and the private rented sector to enable delivery of crest Nicholson homes through different tenures. The second function is to acquire, secure and progress strategic land through key planning stages. The Company also operates a dedicated Partnerships and Strategic Land division which provides expertise in working with its key partners and managing the acquisition of strategic land. The Company's subsidiaries include Bath Riverside Estate Management Company Limited, Bath Riverside Liberty Management Company Limited, Brightwells Residential 1 Company Limited, Building 7 Harbourside Management Company Limited, Clevedon Developments Limited, among others.
Crest Nicholson Holdings plc Proposes Final Dividend for the Financial Year Ended October 31, 2018, Payable on April 18, 2019; Announces Consolidated Earnings Results for the Year Ended October 31, 2018