Barratt Developments Plc Announces Strong Results For FY 2019

Total revenues of £4.7 billion for FY 19 declined by 2.3% year over year. Operating margin was at 18.9% compared to 17.7% in the prior-year period. Profit before tax was reported at £909.8 million compared to £835.5 million in FY 18 and was due to increased contribution from JVs, cost rationalization initiatives and a robust close to the year.

Basic earnings per share was 73.2 pence compared to 66.5 pence in FY 2018. Total dividend for FY 19 was 46.4 pence per share compared to 43.8 pence per share in FY18.

On 4th September 2019, at the time of writing, GMT 08:16 AM, BDEV shares were quoted at GBX 593.40, down 28.60 points or 4.60% over the previous day closing price.