Bovis sees sales rise as profit jumps 20pc

Bovis Homes reported a sales rise of six per cent tot £298.6m it produced an operating profit of £21.6m – up 20 per cent on the previous year.

Chief executive David Ritchie said: "The Group has delivered a strong improvement in profit in 2010, driven by increased volumes, stronger sales prices and delivery of cost savings."

Bovis, a debt free business, has spent out £203m on around 3700 plots of land, 80 per cent of them in the south east.