The Surrey-headquartered housebuilder saw pre-tax profits rise 6% to £207m for the year ended 31 October.
A rise in sales and the opening of a new division in the Midlands has topped off a stellar year for housebuilder Crest Nicholson.
The group reported a 6% rise in pre-tax profits to £207m during the year ended 31 October, boosted by a 7% rise in sales when compared to the previous year.
It also saw statutory revenue rise 5% to £1.04bn during the period, with the average selling price of its homes reaching £388,000.
Executives at Crest Nicholson are now confident that the business will reach its ambitious target of reaching £1.4bn sales by 2019.
Chief executive Stephen Stone said: "We have had another year of growth, with increases in sales and the number of new homes built.
“Our new business divisions are continuing to grow, driving increases in sales outlets and underpinning our ambitious sales target of £1.4bn in 2019.
“The new build housing market continues to be robust, sustained by strong demand for new homes, a benign land market and government policies to improve access to housing.
“Against this backdrop, Crest Nicholson is confident in its ability to continue delivering great homes for customers and strong returns for shareholders."
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