Profits up at Wilson Bowden

March 2, 2005
Wilson Bowden has announced record pre tax profits for 2004 in its preliminary results, following the upward trend set by other major housebuilders. Pre tax profits leapt by 15.6% to £260.5 million for the year up to December 31 2004. The group’s turnover rose by 10% to £1,282.3 million. David Wilson Homes saw operating profits increase by 14.2% to £248.8 million. Group chairman David Wilson said: “We increased volumes and delivered record profits while carefully positioning the business for more challenging market conditions. We adopted a cautious approach to buying land in 2004. Nonetheless, we have the plots and planning permission in place to deliver significant volume growth in 2005.”

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