Bovis Homes this week unveiled pre-tax profit of £67.1m for the year to 31 December 2000, up 21% on 1999. Turnover increased 10% to £305m. Average selling price increased from £109,400 to £123,300 and completions fell by 70 to 2360.
Commenting on industry consolidation, chairman Sir Nigel Mobbs said the board had looked at the options but decided that there was nothing to be gained from an acquisition or merger at this time.
He said: "The board will continue to monitor the sector and assess whether we can gain advantage from acquisitions in the future."