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RevenueRecord turnover of £970m up 9%
Breakdown of Homes revenue (%)
Profit before taxRecord pre tax profit of £185m up 5%
Legal CompletionsLegal completions up 12% to 2,970
Interim dividend per share and earnings per share
As a result of our continuing strong earnings and cash performance, we are proposing a 30p per share cash return to shareholders through a B Share Scheme, which will be in addition to the interim dividend. This Scheme enables all shareholders to participate equally in proportion to their holdings and should be treated as capital for most UK tax resident shareholders. Assuming it is approved by shareholders payment is expected to be made in April 2019. The Scheme will be accompanied by a share consolidation to maintain share price comparability.
ROCEContinued ROCE growth - up 12%
ROCE is operating profit before exceptional items adjusted for joint ventures as a percentage of opening and closing capital employed.