Sales and profit up at Berkeley

June 24, 2011
<p>The Berkeley Group has announced pre-tax profits up 23.5% to £136.2 million for the year ending April 2011 in final results published today.</p> <p>The firm has also revealed the outcome of a strategic review of the business which will see the firm return £13 per share in dividends over the next ten years.</p> <p>Commenting on the results, Berkeley md Rob Perrins said: "The increase in forward sales of 25.5%, land bank growth of 13.1% and our planning successes contribute to an improvement in operational visibility."</p> <p>Commenting on the strategic review, chairman Tony Pidgley said: "I am delighted that in the two years since shareholders supported the Board's proposal to invest at the right point in the cycle, Berkeley has made great progress and acquired a number of excellent sites in London and the south east. The Board's recommendation to return £13 in cash over the next ten years is the result of these achievements."<strong> </strong></p>

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