Gold Coast-based Villa World has posted its fourth consecutive full-year profit growth, announcing a $37.8 million net profit after tax, up 12% on the previous financial year.
The Company says its continued strong profit result is part of a long-game strategy, and predicts further sales growth as sold-out developments are replaced with new flagship projects in Victoria and Queensland.
This includes the recently released Arundel Springs offering 386 new home sites on one of the last remaining land parcels on the central Gold Coast.
The Arundel project marked Villa World’s major return to the Gold Coast market following strategic expansion of its development activity in southeast Queensland in recent years.
Villa World Managing Director and Chief Executive Officer Craig Treasure said continued sales momentum combined with outstanding delivery of land and housing had resulted in 1,154 lots settled in FY17.
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