Telford Homes Plc reported unaudited group earnings results for the six months ended September 30, 2017. For the period, the company reported group revenue of GBP 86,687,000 as compared to GBP 99,086,000 for the same period last year. Operating profit was GBP 9,512,000 as compared to GBP 10,320,000 for the same period last year. Profit before income tax was GBP 9,512,000 as compared to GBP 10,320,000 for the same period last year. Profit after income tax was GBP 7,091,000 as compared to GBP 7,408,000 for the same period last year. Basic and diluted earnings per share was 9.4 pence as compared to 9.9 pence for the same period last year. Cash flow from operating activities was GBP 31,960,000 as compared to GBP 5,848,000 for the same period last year. Purchase of tangible assets was GBP 1,307,000 as compared to GBP 37,000 for the same period last year.

For the year ending March 31, 2018, the company expects to deliver profit before tax in excess of GBP 40 million.