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Prices & Quotes - UK Markets - MJ Gleeson (GLE)

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Share Price:
Up 768.00p
Change Today:
22.00p
Market Cap:
447.79m
Sector:
Construction & Materials

MJ Gleeson FY revenue and profits exceed pre-Covid levels for record showing

By Iain Gilbert

Date: Tuesday 14 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Low-cost housebuilder MJ Gleeson said on Tuesday that full-year profits, revenue and volumes had all exceeded pre-Covid levels for a record showing.
MJ Gleeson said operating profits for the twelve months ended 30 June were 631% higher year-on-year at 43.1m, while revenues were up 96% on 2020 at 288.6m. When compared to 2019's pre-pandemic levels, revenues were 15.5% higher and operating profits were 5.1% better.

Earnings per share were 619% firmer at 58.2p and the group also declared a full-year dividend payment of 15.0p after having skipped over one the prior year.

The London-listed firm stated its Gleeson Homes unit had completed a record 1,812 new homes and remained on track to meet its target of delivering 2,000 new homes in 2022, while it Gleeson Land division sold eight sites, with the potential to deliver 1,978 plots.

Chairman Dermot Gleeson said: "These are an excellent set of results. Our profits, revenue and volumes all exceeded pre-Covid levels, which represents a record performance for the Group. This was achieved thanks to the resilience of our business model and the talent within the business.

"Our strategy of building low-cost, high-quality homes in the North of England and the Midlands and unlocking value by promoting land through the planning system in the South of England, ensured the business recovered strongly through what was a tough year."

Gleeson also added that has was "cautiously confident" that the group would deliver "significant growth" in both revenue and profits in the current year and beyond.

As of 0855 BST, MJ Gleeson shares were untraded at 830.0p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MJ Gleeson Market Data

Currency UK Pounds
Price 768.00p
Change Today 22.00p
52 Week High 900.00p
52 Week Low 714.00p
Volume 13,019
Shares Issued 58.31m
Market Cap 447.79m
Beta 0.04

Performance Indicators

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What The Brokers Say

Strong Buy 5
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 6
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MJ Gleeson Dividends

  Latest Previous
  Final Interim
Ex-Div 28-Oct-21 04-Mar-21
Paid 22-Nov-21 06-Apr-21
Amount 10.00p 5.00p

Trades for 17-Jan-2022

Time Volume / Share Price
16:15 49 @ 760.00p
15:46 483 @ 748.00p
15:35 393 @ 755.36p
15:35 4 @ 750.00p
15:35 500 @ 750.00p

MJ Gleeson Key Personnel

CFO Stefan Allanson
CEO James Thomson