Record-breaking year for Redrow as profits top £315m
Flintshire-based housing developer Redrow has enjoyed a stellar year with profits topping £315m – 26% up on 2016.
Results to June also saw revenue increase 20% to £1.66bn from £138bn in the prior 12 months.
The average selling price of a Redrow home was £309,800 as legal completions rose 15% to 5,416.
Some 5,419 plots were added to its current land bank of which over 60% were converted from forward land.
Meanwhile, the company’s headcount also rose 15% to 2,200.
There was a 27% increase in earnings per share to ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
