Telford Homes 2015 Profit Rises

Telford Homes PLC posted a 31 percent rise in its pretax profit in the year to March 31. Telford Homes posted a profit before tax of GBP25.1 million ($38.7 million) for the year, compared to GBP19.2 million, in the year-ago period. Profit after tax surged to 19.66 million pounds versus 14.88 million pounds. Its revenue climbed to GBP173.5 million from GBP140.8 million. Telford Homes' operating margin before interest charges widened to 17.5 percent from 17.1 percent. Telford Homes' board declared a total dividend of 11.1 pence per share, versus 8.8 pence per share last year.