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Villa World Reports Results for Full Year Ended 30 June 2017

Residential house and land developer Villa World has continued to deliver against its strategy, posting its fourth consecutive full-year profit growth and maintaining strong earnings for shareholders. The Board declared total full year dividends of 18.5 cents per share fully franked, representing a yield of 8.1%.

- Statutory profit after tax of $37.8 million (FY16: $33.7 million) up 12%

- EPS: 32.5 cps (FY16: 30.6 cps) up 6%

- FY18 guidance of profit after tax of $41.6 million, representing growth of 10% over FY17. EPS guidance of 32.8cps

- 10.5 cps fully franked final dividend declared post balance date; full years’ dividend of 18.5 cps (FY16: 18.0 cps)

- 526 sale contracts carried forward with a gross value of $175.7 million (FY16: 464 contracts worth $165.6 million)

- Strong year of restocking to deliver forward cumulative EPS growth of at least 10% – 3,454 lots acquired.

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