30 May 2012 – final results
Telford Homes has unveiled a solid set of numbers for the year ended 31 March 2012. Revenue rose to £124m (2011: £121m) and profit before income tax and exceptional items came in at £3.045m (2011: £2.523m). Basic earnings per share were 4.7p (2011: 4.8p) and a final dividend of 1.5p took the total for the year to 3.0p (2011: 2.5p).
The company’s primary geographical focus is on East London and the area will see improved infrastructure and new facilities as a result of the Olympics. This benefit should continue to be felt over the longer term and the company appears justified in its positive outlook. Although the shares have had a good run we retain our BUY rating.