The Berkeley Group Holdings plc (“Berkeley”) announced its unaudited interim results for the six months ended 31 October 2017.
Berkeley’s objective is to be London’s leading place-maker, balancing strong operational performance with a desire to produce homes of a high quality in fantastic places for all Londoners, playing a key role in delivering the 300,000 new homes this country needs each year.
These results are the consequence of Berkeley’s operating model, which places financial strength and sustainability at its heart, and the sites this enabled Berkeley to acquire in the period from 2010 to 2013. The 2017/18 full year results will represent a peak for Berkeley, before returning to more normal returns in 2018/19. Our guidance of £1.5 billion of pre-tax profit for these two years will be approximately 60% weighted towards the current year. Shares acquired in the period for £92.8 million and dividends paid of £70.4 million.