The Horsham, Pa.-based luxury home builder Toll Brothers has posted a fourth-quarter profit of $411.4 million, compared with $15.0 million in profits in the same quarter in 2011. The 2012 results included a net tax benefit of $350.7 million.
Fourth-quarter revenues of $632.8 million increased 48% compared with a year ago. Home-building deliveries of 1,088 units increased 44% in units compared with the previous year. The price of homes delivered was $582,000 in the fourth quarter, compared with $565,000 in fourth quarter of fiscal 2011.