TIDM59DP

RNS Number : 0551J

BPHA Finance PLC

06 September 2016

bpha Finance PLC

06 September 2016

bpha Limited Annual Report and Financial Statements 2015/2016

We are delighted to share bpha's latest Annual Report and Financial Statements which demonstrate our strongest ever financial performance.

The strong performance, delivered in our 25(th) anniversary year, ensures our continued viability and underpins our long-term commitment to build around 500 new homes per annum for the foreseeable future.

During the year, housing stock has grown to 17,896 units, a record GBP17.8m surplus has been delivered and new fund raising has taken liquidity to its highest ever level.

The operating margin achieved of 46% for social housing activity remains one of the highest in the sector. In addition, a GBP100m restructuring of derivative portfolio has resulted in a significant reduction of potential mark to market exposure.

Efficient management of our housing stock and careful investment decisions within a well understood and tight geography continue to ensure that we deliver much needed new homes in areas of acute housing shortage whilst strengthening our overall financial performance.

We hope you find this report informative:

http://www.bpha.org.uk/?wpdmact=process&did=MjcxLmhvdGxpbms

A copy of the above document has also been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.

If you have any comments or queries about our Annual Report and Financial Statements, please email: paul.gray@bpha.org.uk .

This information is provided by RNS

The company news service from the London Stock Exchange

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September 06, 2016 04:11 ET (08:11 GMT)

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