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Vistry Group has reported a rise in profit before exceptional items and tax of 12% for the year to December 31, 2019.
The operating margin rose to 17.0% despite continued backdrop of market uncertainty, while the group announced an additional £60m was to be returned to shareholders through bonus share issue in Jan 2020.
The group was formed from the acquisition of Linden Homes by Bovis Homes and the Partnerships & Regeneration businesses of Galliford Try.
At 9:15am: (LON:VTY) Vistry Group PLC share price was -49p at 1291p