RNS Number : 6064C
Inland Homes PLC
19 October 2015
 

19 October 2015

Inland Homes plc

('Inland Homes', 'Inland', the 'Group' or the 'Company')

 

Results Update

 

Further to the announcement on 30 September 2015, having considered the application of IFRS 10 the Board has concluded that the Group should consolidate the results and financial position of Drayton Garden Village Limited ("DGVL").  The preparation of these consolidated accounts and the respective audit is taking longer than initially anticipated due to the need to adjust for different income recognition policies and financial year ends.  Accordingly the Group will release the results as soon as this process is completed.

 

The Board confirms that the consolidation of DGVL does not affect its expectation, as first advised on 17 June 2015, that the Group's profit before tax for the year ended 30 June 2015 will be significantly ahead of the then consensus forecast in the market of £12.7m.

 

 

Enquiries:

www.inlandplc.com

AIM: Ticker: INL

 

Inland Homes plc

Stifel Nicolaus Europe Limited

Blytheweigh

Stephen Wicks, Chief Executive

Nominated Adviser & Broker

IR & Media Relations

Nishith Malde, Finance Director

Paul Brett, Land Director

 

Corporate Finance:

David Arch and Roger Clarke

 

Tim Blythe:

Wendy Haowei

Fergus Lane:

or

Tel: 44 (0) 1494 762450

Tel: 44 (0) 20 7710 7600

Tel: 44 (0)20 7138 3204

 

 

 

 

Notes to Editors:

Inland Homes identifies brownfield land in the South and South-East of England principally for residentially led development schemes.  The business then enhances the land value by obtaining planning permission, before building houses for private sale or selling consented land onto other developers.

 


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