We have announced our interim results this morning for the 6 months ending 31st March 2018 and have reported strong growth in revenue and profits.
Financial highlights being – revenue up 18.4% to £158.3M (H1FY17 £133.7M). Gross margin maintained at 21.8%. Profit before tax up by 11.9% to £23.6M (H1FY17 £21.1M). Net cash up by 328% to £38.4M (H1FY17 £11.7M). Interim dividend up by 12.3% to 2.47 pence per share.
Our student pipeline remains strong and the board are exploring opportunities to accelerate growth in the Build to Rent market.