Telford Homes Posts Rise In Profit

Telford Homes PLC reported a rise in its pretax profit for the six months ended September 30. Telford Homes posted a profit of GBP21 million for first half of fiscal 2016, compared to GBP9.4 million in the year-ago period. Its revenue surged to GBP139.6 million from GBP65.1 million. The company's board lifted the interim dividend by 27 percent to 6.5 pence per share, versus 5.1 pence per share.