McCarthy & Stone’s full-year numbers to the end of August 2017 show revenue increased by 4% to a new record of £661m (2016: £636m).
The UK housebuilder, which specialises in retirement homes, also pointed to a strong recovery in underlying operating margin in the second half to 17% from a first-half underlying operating margin of 10%.
The company said 52 new sales outlets opened during the period and that the average selling price increased by 3% to £273k (2016: £264k)
Underlying profit before tax for 2017 was £94m (2016: £105m), the company said this was mainly due to the age and mix of units sold and increased incentives and build costs
Basic earnings per share decreased by 1% to 13.8p (2016: 13.9p)
Commenting on the results, Clive Fenton, Chief Executive Officer, said: "We achieved a strong result in the second half of the year and delivered an improvement in both margins and volumes compared to the first half of FY17.