BPHA Finance PLC Annual Financial Report (0551J)
06 September 2016 - 6:11PM
UK Regulatory
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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