Villa World (ASX:VLW) has marked its half-year with strong sales, delivery and increased revenue contributing to a $19.6 million statutory profit after tax. The positive 1H17 result includes a guidance increase in the expected full year result representing growth of 11% on FY16.
- Statutory profit after tax of $19.6 million (1H16: $20.4 million)
- EPS: 17.4 cps (1H16: 18.5 cps)
- FY17 guidance increased to profit after tax of $37.5 million, representing growth of 11% over FY16
($33.7 million). EPS guidance of 33.1 cps (FY16: 30.6 cps)
- 8.0 cps fully franked interim dividend declared post balance date (1H16: 8.0 cps)
- Guidance for total dividend for FY17 increased to 18.5 cents per share fully franked
- 554 sale contracts carried forward with a gross value of $191.6 million
- Acquisitions success – 1,496 lots acquired.
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