St Mark Homes posts a pre-tax profit of £315,493 for the six months to the end of June - up from £144,348 a year ago.
Distributions to shareholders have also been increased. A 2016 interim dividend of 5.0 pence per share (2015 – 4.5p) was declared on 29 June 2016 and was paid to shareholders on 15 July 2016.
The net assets per share were 137 pence (2015 – 122.5p) at the end of the reporting period.
The company made an offer for the entire share capital of St Mark Contracts Ltd on 17 June. The offer was successful and was declared unconditional on 28 July 2016 (after the reporting period). The directors believe that the acquisition will lead to a stronger and more profitable business going forward.