Bovis profit soars

Housebuilder Bovis posted a 74% increase in annual pre-tax profit after it sold more homes at a wider margin.

Housebuilder Bovis posted a 74% increase in annual pre-tax profit after it sold more homes at a wider margin.

Profit before tax rose to £32.1m for the financial year ended 31 December 2011 from £18.5m the year before. Revenue for the year increased to £364.8m from £298.6m previously.

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