Group revenue from continuing operations in 2012 was up nearly 12% to £2,019.0 (2011: £1,808.0m).
Profit for the year was £149.3m, up 127% on 2011’s £65.7m profit.
The number of houses completed reached 10,944 (2011: 10,232), excluding joint ventures.
Revenue from UK housebuilding was up 11.7% to £1,987m, primarily driven by an improved mix and quality of locations resulting in higher sales prices, and by an increase in completions. Operating profit in UK housing grew 44% to £228.8m (2011: £159.3m).
At 31 December 2012, the short term owned and controlled landbank stood at 65,409 plots, representing 6.1 years of supply (31 December 2011: 65,264, 6.4 years).
Chief executive Pete Redfern said: "During 2012, we've continued our consistent approach and focus on margin and returns, delivering a significant increase in profits. These results show the benefit of our short term land and strategic land asset choices, along with our sharpened focus on capital efficiency."
He added: “The strength of our landbank reinforces our ability to maintain a disciplined approach to new land investment and make investments only where we see value.”
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